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Investments in AI development are expected to significantly contribute to the necessary computational power, along with software advancements and better algorithms improving efficiency.
Economic Feedback Mechanisms in AI Development
The model also incorporates economic factors that could accelerate AI development, particularly as AI becomes more capable of assisting in creating better AI software. This feedback mechanism can hasten the overall timeline toward full automation.
Economists utilize established models, like the CES Production Function, to understand automation effects seen during industrialization. Davidson's model expands on this by recognizing the increasing investment and improvements in AI capabilities as a significant driver of rapid development.