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Is artificial intelligence a hazardous technology? Economic trade-off model.
- Source :
-
European Journal of Futures Research . 9/3/2024, Vol. 12 Issue 1, p1-11. 11p. - Publication Year :
- 2024
-
Abstract
- Artificial intelligence (AI) demonstrates various opportunities and risks. Our study explores the trade-off of AI technology, including existential risks. We develop a theory and a Bayesian simulation model in order to explore what is at stake. The study reveals four tangible outcomes: (i) regulating existential risks has a boundary solution of either prohibiting the technology or allowing a laissez-faire regulation. (ii) the degree of 'normal' risks follows a trade-off and is dependent on AI-intensity. (iii) we estimate the probability of 'normal' risks to be between 0.002% to 0.006% over a century. (iv) regulating AI requires a balanced and international approach due to the dynamic risks and its global nature. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21952248
- Volume :
- 12
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- European Journal of Futures Research
- Publication Type :
- Academic Journal
- Accession number :
- 179414080
- Full Text :
- https://doi.org/10.1186/s40309-024-00241-5