Why AI will save us

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Deutsche with the note. I have some sympathy with this view. The problem is sequencing which is a policy challenge.


The release of ChatGPT took the world by storm late last year. Within just five days,= it had already reached 1m subscribers, which vastly outpaced the ten months it took Facebook to reach the same milestone. Suddenly, professions such as lawyers or journalists that had once looked fairly safe from automation faced a competitive threat.

Then in March, the release of GPT-4 turbocharged these fears. The new model underpinning ChatGPT was able to score in the top decile of a simulated bar exam, in contrast to GPT-3.5 that was around the bottom decile. It was even able to analyse images, rather than just text.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.