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I don't want to come across as a Luddite but...
... given a potential downside of general purpose AI being the
replacement[sorry] disruption of the majority of work in the developed world, I do wonder if society and government needs to give it some thought. At least before it's too late and we transfer all of that economic gain to a small cohort of people.
hugo7-
Imma ask gpt4, see what it thinks
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I think disruption is right, and what Pichai was alluding to.
For the moment (and likely for a while yet), AI is still a misnomer -the intelligence aspect is only what was baked in when the model was built (and there's little doubt that there are some very, very intelligent people that worked on them), but they are still slave to the data they were trained on, and ultimately are still just pattern matchers and Chinese Rooms.
The resultant tools are just that - tools. In terms of industry / business, they are still on a part of the value chain. It's a mistake to focus on the tool as being an overall solution by itself.
There could well be replacement, though - the tools have the potential and capacity to automate very sophisticated tasks. But that's not a new problem - since the industrial revolution, automation has been replacing workers. Now it's the white collar workers' in the firing line.
So, yeah - another disruption that will (given past experiences) lead to pressure that widens inequality.
NotThamesWater
Google CEO Sundar Pichai warns society to brace for impact of A.I. acceleration.