Futurology

Yeah, I agree with the premise. I've heard the analogy with cars replacing horses before. I think it fits. And it happened fast.

A few points where I strongly disagree:

As long as the computing power available for A.I. is a scarce resource [...]

That's the interesting question. Why brush over that?

And the point:

AI won't ever be better than humans.

I just skimmed the article. Couldn't find the claim. But I think this is obviously false. It already does in some niches. And even computers with or without AI far outperform humans at all sorts of tasks. Chess, Jeopardy, communicating information, calculating speed... Just to name a few. In factories, robots and machines outperform humans in strength, speed and being precise in repetitive tasks. All of that can be combined and yields systems that outperform humans. And they've been there for quite some time already.

I think AI has some potential to get us to a post-scarcity utopia. Or bring doom. For sure we're afraid it'll change the economy.