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AI rapidly improving, could vastly boost US GDP: Anthropic's Clark tells policymakers

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AI rapidly improving, could vastly boost US GDP: Anthropic's Clark tells policymakers

Business News Tech AI AI rapidly improving, could vastly boost US GDP: Anthropic's Clark tells policymakers

AI rapidly improving, could vastly boost US GDP: Anthropic's Clark tells policymakers

Clark, speaking at IMF and World Bank annual meetings in Bangkok, said that international cooperation was needed to erect "unusual and serious rules" for the transformative technology, and there was a shrinking window for policymakers to act.

Rapidly improving artificial intelligence capabilities will bring far faster change across all fields, Anthropic co-founder Jack Clark said on Saturday, with one of the company's internal models forecasting that under certain conditions it could increase US economic output by almost 50% by 2030. Clark, speaking at IMF and World Bank annual meetings in Bangkok, said that international cooperation was needed to erect "unusual and serious rules" for the transformative technology, and there was a shrinking window for policymakers to act. Clark said that the estimated potential US GDP of $44 trillion, which compares to the current level of just over $30 trillion, "sounds very outlandish, I know." But he added that AI was vastly increasing scientific discovery.

He said the forecast assumed "the technology continuing to get better. And if GDP were to grow this much, then economic doctrine suggests that new industries and inventions would need to have been created to power such a major economic expansion". Clark's remarks come as the company prepares for an initial public offering expected in November that could value the firm at up to $2 trillion. HUMANS IN CONTROL, FOR NOW Clark issued a wake-up call to policymakers about the speed of AI development, saying there was growing evidence of a "singularity" where AI development outpaces human control.


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