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General3h ago

AI Creates Wealth Disparity

Business Insider1 min brief

In brief

  • Palantir CEO Alex Karp says AI will make some people very rich.
  • He says the rest will see smaller gains.
  • Karp says AI will raise living standards, but the top winners will get much more.
  • He says people at the top could become 10 to 100 times wealthier.
    • This is a bigger gap than in past technological revolutions.
  • Karp thinks this AI wealth disparity is a big problem.
  • He says people are worried about AI and job losses.
  • He also says people do not like the leaders of the AI industry who are getting wealthy.
  • The future of AI and its impact on people's lives will be closely watched.

Read full story at Business Insider

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