"Artificial intelligence continues to make startling advances while becoming ever more integrated into millions of people's lives. But as America's most valuable companies race to out-compete each other in a high-stakes, extremely costly race to dominate the field, many fundamental questions remain unanswered. Foremost among them: Will AI actually be as disruptive an economic force as its adherents say? To get some perspective on that question, I spoke with Professor Ethan Mollick, a Wharton professor who frequently writes and comments about AI and its applications."
"That was in reference to a study that tasked both humans and AI agents with doing a series of tasks across fields like finance, law, and retail, and comparing the results. The AIs were close to human level, and they're getting better all the time. But you were careful to say that this doesn't mean AI is very close to replacing the actual job so easily, because they're performing "tasks" and not jobs."
Artificial intelligence continues rapid advances and is increasingly integrated into millions of people's lives. Major companies are investing heavily to dominate the field, creating high-stakes, expensive competition. Fundamental questions persist about AI's ultimate economic disruptiveness. AIs have crossed a threshold and can perform economically relevant work across domains such as finance, law, and retail at near-human task levels. Current AI performance maps to tasks rather than full jobs, limiting immediate job replacement. The concept of a "jagged frontier" describes AI excelling unexpectedly in some areas while underperforming in others. Capabilities are shifting over time, with notable improvements even in mathematics.
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