AGI lecture - Kai L. Chan - AI and inequality: How smart machines exacerbate demographic bias and inequality

How does AI generate riches, redistribute wealth and distort the labour market in multi-cultural societies? How will AI distort off-shoring and upend the traditional development model? As AI displaces humans from their jobs, economic value will be transferred from labour to capitalists, particularly the ‘super-elites’. In an era where capital is mobile while labour is less so, AI will exacerbate already-high levels of inequality if left unmanaged.