> It is useful to think of technical change as having come in four waves since the 1800s > steam engine, electric power, information technology (IT), and artif

> It is useful to think of technical change as having come in four waves since the 1800s > steam engine, electric power, information technology (IT), and artificial intelligence (AI). Just no. AI has not come, it hasn't even started. What people call AI today is literally faster IT infrastructure in implementing math. The proper term for what we see today is machine learning and it is based purely on statistics.