Fareed speaks with Erik Brynjolfsson, a professor of management at MIT's Sloan School, and Andrew McAfee, a scientist at the MIT Center for Digital Business, about their book ‘The Second Machine Age.’ Watch the full interview this Sunday at 10 a.m. and 1 p.m. ET on CNN.
And you think that we are just at the point where these forces are accelerating dramatically, that things that were unthinkable five years ago are now thinkable. You guys went on the driverless car.
Brynjolfsson: Andy and I have been caught off guard by how rapidly the technology is advancing and the changes we've seen, not just in the Google driverless car that we got to ride in. Frankly, 10 years ago, I was telling my student that was an example of something that machines would not be able to do any time soon. I was wrong. I was caught off guard.
But we also see technologies where we can talk to our machines and they understand us, they respond back in a synthesized voice and carry out our instructions. That would have been the stuff of science fiction just a few years ago. Or problem-solving machines, not just IBM's Watson that can play Jeopardy, but related technologies that are doing medical diagnosis, solving legal problems, giving investment advice, answering questions in call centers.
Each of these just is having profound effects on how big the pie is, the economic growth, but also the distribution of wealth.
McAfee:…and the technologists that we talk to say that the things that Eric just mentioned are not the crowning achievements of the digital age. They're the warm-up acts. And we honestly ain't seen nothing yet.