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By Carlos Boix

One of the prevailing myths today is the belief that AI can help to “automate” the economy. That is impossible, given that only humans can determine the value of something.

You mean ChatGPT can’t LLM its way to determine what is valuable to the model?

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That's actually a very interesting question.

It probably can develop what are essentially preferences, but they'd be its preferences and not human preferences, which raises the question of whether about AI preferences matter.

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