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Jul 7, 2018

Billionaire Ray Dalio: A.I. is widening the wealth gap, ‘national emergency should be declared’

Posted by in categories: economics, employment, government, information science, robotics/AI

It’s amusing that these people know where this is headed, but arent interested enough to stop it.


The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in a Facebook post on Thursday.

Dalio says he was responding to a question about whether machine intelligence would put enough people out of work that the government will have to pay people to live with a cash handout, a concept known as universal basic income.

My view is that algorithmic/automated decision making is a two edged sword that is improving total productivity but is also eliminating jobs, leading to big wealth and opportunity gaps and populism, and creating a national emergency.

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