Labour market risks
Social and economic inequalities caused by widespread use of AI, such as by automating jobs, reducing the quality of employment, or producing exploitative dependencies between workers and their employers.
"Unlike previous waves of automation, general- purpose AI has the potential to automate a very broad range of tasks, which could have a significant effect on the labour market. This could mean many people could lose their current jobs. Labour market frictions, such as the time needed for workers to learn new skills or relocate for new jobs, could cause unemployment in the short run even if overall labour demand remained unchanged."(p. 54)
Supporting Evidence (2)
"Economists expect general- purpose AI to impact the workforce by automating tasks, augmenting worker productivity and earnings, changing the skills needed for various occupations, and displacing workers from certain occupations (513, 514, 515). Economists hold a wide range of views about the magnitude and timing of these effects, with some expecting widespread economic transformation in the next ten years, while others do not think a step- change in AI- related automation and productivity growth is imminent (516). The uncertainty about future general- purpose AI progress contributes to this uncertainty about the labour market effects of general- purpose AI."(p. 54)
"Recent empirical studies have begun to demonstrate the impact of current- generation general- purpose AI systems on various industries, notably in knowledge work: • General- purpose AI systems have been shown to increase productivity, quality, and speed in strategy consulting (520), improve performance in customer support (250) and improve computer programming (521*). • Machine translation and language models have been shown to substitute for human workers in tasks like simple large- scale language translation (522) and some writing/coding- related occupations (523, 524), leading to reduced demand for their services."(p. 54)
Other risks from Bengio et al. (2024) (14)
Malicious Use Risks
4.0 Malicious Actors & MisuseMalicious Use Risks > Harm to individuals through fake content
4.3 Fraud, scams, and targeted manipulationMalicious Use Risks > Disinformation and manipulation of public opinion
4.1 Disinformation, surveillance, and influence at scaleMalicious Use Risks > Cyber offence
4.2 Cyberattacks, weapon development or use, and mass harmMalicious Use Risks > Dual use science risks
4.2 Cyberattacks, weapon development or use, and mass harmRisks from Malfunctions
7.0 AI System Safety, Failures & Limitations