Per Bylund on AI and the Structure of Production
2,240 views · Published 20 April 2018 · 14:11 · Indexed 8 November 2026
Channel: misesmedia · 2018 · News & Politics
Our guest is Dr. Per Bylund (Mises.org/Bylund) of Oklahoma State University, who joins Jeff Deist to dispel some of the myths surrounding artificial intelligence and mass data collection. AI is just the next evolution of smart software, Bylund argues, and should be celebrated like all technology as higher order capital goods that increase productivity and wealth. He also argues that Hayek's knowledge problem won't be overcome by computing power anytime soon, because no amount of data can fully explain subjective human wants and values. What makes AI and data mining potentially dangerous, Bylund reminds us, is their misuse by government. See Per Bylund's article "What Makes AI Dangerous? The State" at Mises.org/Bylund_Danger
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