AI Superpowers: China, Silicon Valley, and the New World Order – Summary


I just finished a fantastic book on artificial intelligence and the evolutionary path of China and the U.S.. Author Kai-Fu Lee inspires, as he focuses on the astounding capabilities of AI, and the one thing that only humans can provide; love. The journey includes the author’s own brush with mortality, and proposes a path forward: Book of The Week - AI Superpowersthe synthesis on which we must build our shared future is AI’s ability to think, coupled with a human’s ability to love. He believes this synergy harnesses the undeniable power of artificial intelligence to generate prosperity, while also embracing our essential humanity. His hope for our future lies both in this new synergy between artificial intelligence and the human heart, and an AI-fueled age of abundance that fosters love and compassion in our societies.

I recommend reading this book from cover to cover. In the meantime, here is a summary organized by several key themes.

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Birth Rates, Workers, and Volatility


I wrote about a recent analysis conducted by Bain & Company in an earlier post on the Turbulent 2020s and what it means for the 2030 and beyond. An interesting related exchange on Twitter focused on the impact of birth rates on the core issues of demographics, automation, and growth.

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The Turbulent 2020s and what it Means for 2030 and Beyond


In a recent insights report, authors Karen Harris, Austin Kimson and Andrew Schwedel look at macroeconomic forces and their impact on labor in 2030. The Collision of Demographics, Automation and Inequality will shape the 2020s – a collision that is already in motion. By 2030, the authors see a global economy wrestling with a major transformation, dominated by an unusual level of volatility. Here’s a summary of these three forces:

AN AGING WORKFORCE

As the global workforce ages rapidly, our authors forecast a slowing of U.S. labor force growth to 0.4% per year in the 2020s, thereby bringing an end to the abundance of labor that has fueled economic growth since the 1970s. Even as longer, healthier lives allow us to work into our sixties and beyond, it is not likely to offset the negative effects of aging populations. This labor force stagnation will slow economic growth, with negative side effects including surging healthcare costs, old-age pensions and high debt levels. On the positive side, supply and demand dynamics could benefit lagging wages for mid-to-lower skilled workers in advanced economies through the simple economics of greater demand and lesser supply – but that leads to their second major force: automation.

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