The AI Future: Between Certain Doom and Endless Prosperity

Source: Cato Institute
by Kevin T Frazier

“Since early 2023, the AI discourse in the popular press and in legislative chambers has been defined by extremes. Then-Majority Leader Chuck Schumer invited AI experts to the Senate and heard extensively about the existential risks posed by AI. He wasn’t the only one to associate AI with the potential end of humanity. Then-FTC Chair Lina Khan shared that she had a p(doom) of around 15 percent — her odds that AI would cause a cataclysmic event. … Today, plenty of folks are convinced of exactly the opposite. Tech luminaries such as Elon Musk envision a bright future in which humanity is surrounded by abundance. Conversations around the end of work, universal basic income, and similar utopian outcomes (to some) pass for normal chatter these days.” (02/18/26)

https://www.cato.org/commentary/ai-future-between-certain-doom-endless-prosperity