Tag: Quotes from Power and Prediction book

Today, the individuals who most resist adopting AI systems are those who are most concerned about discrimination. We anticipate that will exactly reverse. Once people realize that discrimination is easier to detect and fix in AI systems than in humans, the greatest resistance to adopting AI systems will come not from those who want to reduce discrimination but rather from those who benefit from it most.

– from Power and Prediction book by Ajay Agrawal, Joshua Gans and Avi Goldfarb

If the humans who manage the AI want to deploy an AI that discriminates, they will have little difficulty doing so. And because the AI is software, its discrimination can happen at scale. However, it is easier to catch a deliberately discriminatory AI than a deliberately discriminatory human. The AI leaves an audit trail.

– from Power and Prediction book by Ajay Agrawal, Joshua Gans and Avi Goldfarb

AI confers an advantage on first movers. AI learns, and the sooner it is deployed, the sooner it can begin to learn. The more it learns, the better it gets in terms of prediction accuracy. The better it gets, the more effective the new system is. The flywheel begins to turn. This flywheel explains why some in the venture capital community are investing so aggressively in seemingly nascent AI projects.

– from Power and Prediction book by Ajay Agrawal, Joshua Gans and Avi Goldfarb

Machines don’t have power, but when deployed, they can change who does.

– from Power and Prediction book by Ajay Agrawal, Joshua Gans and Avi Goldfarb

AI has the transformation potential of electricity, but if history is a guide, that transformation is going to be a long and bumpy ride.

– from Power and Prediction book by Ajay Agrawal, Joshua Gans and Avi Goldfarb