{"id":127819,"date":"2021-09-18T15:22:36","date_gmt":"2021-09-18T22:22:36","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/09\/ai-will-exacerbate-wealth-inequality-and-help-ultra-rich-ex-google-exec"},"modified":"2021-09-18T15:22:36","modified_gmt":"2021-09-18T22:22:36","slug":"ai-will-exacerbate-wealth-inequality-and-help-ultra-rich-ex-google-exec","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/09\/ai-will-exacerbate-wealth-inequality-and-help-ultra-rich-ex-google-exec","title":{"rendered":"AI will \u2018exacerbate\u2019 wealth inequality and help ultra-rich: Ex-Google exec"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/ai-will-exacerbate-wealth-inequality-and-help-ultra-rich-ex-google-exec2.jpg\"><\/a><\/p>\n<p>A dress worn this week by Democratic Congresswoman Alexandria Ocasio-Cortez (D-NY), which bore the message \u201ctax the rich,\u201d set off a wave of debate over how best to address wealth inequality, as Congress weighs a $3.5 trillion spending bill that includes tax hikes on corporations and high-earning individuals.<\/p>\n<p>The debate coincides with the ongoing pandemic in which billionaires, many of whom are tech company founders, have added $1.8 trillion in wealth while consumers have come to depend increasingly on services like e-commerce and teleconference, according to a <a href=\"https:\/\/inequality.org\/great-divide\/updates-billionaire-pandemic\/\" rel=\"nofollow noopener\" target=\"_blank\" class=\"\">report<\/a> released last month by the Institute for Policy Studies.<\/p>\n<p>In a new interview, artificial intelligence expert Kai Fu-Lee \u2014 who worked as an executive at Google (<a href=\"https:\/\/finance.yahoo.com\/quote\/GOOG?p=GOOG&.tsrc=fin-srch\" class=\"\">GOOG<\/a>, <a href=\"https:\/\/finance.yahoo.com\/quote\/GOOGL?p=GOOGL&.tsrc=fin-srch\" class=\"\">GOOGL<\/a>), Apple (<a href=\"https:\/\/finance.yahoo.com\/quote\/AAPL?p=AAPL&.tsrc=fin-srch\" class=\"\">AAPL<\/a>), and Microsoft (<a href=\"https:\/\/finance.yahoo.com\/quote\/MSFT?p=MSFT&.tsrc=fin-srch\" class=\"\">MSFT<\/a>) \u2014 attributed the rise of wealth inequality in part to the tech boom in recent decades, predicting that the trend will worsen in coming years with the continued emergence of AI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A dress worn this week by Democratic Congresswoman Alexandria Ocasio-Cortez (D-NY), which bore the message \u201ctax the rich,\u201d set off a wave of debate over how best to address wealth inequality, as Congress weighs a $3.5 trillion spending bill that includes tax hikes on corporations and high-earning individuals. The debate coincides with the ongoing pandemic [\u2026]<\/p>\n","protected":false},"author":359,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,1490,31,6],"tags":[],"class_list":["post-127819","post","type-post","status-publish","format-standard","hentry","category-biotech-medical","category-government","category-policy","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/127819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/359"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=127819"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/127819\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=127819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=127819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=127819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}