Creating Our Digital World

Watched this informative video “Creating Our Digital World with Erik Brynjolfsson and Andrew McAfee” on YouTube and produced by The Commonwealth Club of California.

The discussion over a bit over an hour long, but there were a few key points that I took away from the initial viewing.

  1. The world is undergoing three major digital trends: from “Mind” to “Machine,” from “Product” to “Platform,” and from “Core” to “Crowd.”
  2. What will technology do to us? It is important not lose sight of the fact that technologies have made us a more prosperous world overall. However, a challenge we should be cognizant of is that the wealth generated by technologies might not be fairly or equitably distributed.
  3. Human minds are biased and glitchy. Instead of worrying about the machines taking over the minds, leverage machines to support the human to make better decisions.
  4. Companies with large market share are not necessarily wrong or evil. Concentrated power deserves vigilance. We should act if the concentration of the power leads to consumer harm and stifling of innovation.
  5. The American middle-class has been left to its own device. Shared prosperity can still come from major policy choices we will be making on education reform, infrastructure investment, flexible immigration, and basic research.
  6. Work is meaning for many people. We should do everything we can to identify the new kind of work and retrain people to get into those work. The society should provide avenues that encourage people to change and to thrive in the new environment, rather than just living in the past.

News media and pundits love to discuss the pending doom that technologies and AI are about to bring onto the society. Instead of worrying about or resisting the coming changes that will happen regardless, how about we channel the AI energy to create positive societal changes for everyone?