AI rapidly improving, could vastly boost US GDP, Anthropic’s Clark tells policymakers

BANGKOK, Oct 17 : Rapidly improving artificial intelligence capabilities will bring far faster change across all fields, Anthropic co-founder Jack Clark said on Saturday, with one of the company’s internal models forecasting that under certain conditions it could increase US economic output by almost 50 per cent by


Business

AI rapidly improving, could vastly boost US GDP, Anthropic’s Clark tells policymakers

AI rapidly improving, could vastly boost US GDP, Anthropic's Clark tells policymakers

Anthropic co-founder Jack Clark attends “AI and the Global Economy: From Risk to Opportunity” at the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand, October 16, 2026. REUTERS/Patipat Janthong

Read a summary of this article on FAST.

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

FAST

BANGKOK, Oct 17 : Rapidly improving artificial intelligence capabilities will bring far faster change across all fields, Anthropic co-founder Jack Clark said on Saturday, with one of the company’s internal models forecasting that under certain conditions it could increase US economic output by almost 50 per cent by 2030.

Clark, speaking at IMF and World Bank annual meetings in Bangkok, said that international cooperation was needed to erect “unusual and serious rules” for the transformative technology, and there was a shrinking window for policymakers to act.

Clark said that the estimated potential US GDP of $44 trillion, which compares to the current level of just over $30 trillion, “sounds very outlandish, I know.” But he added that AI was vastly increasing scientific discovery.

He said the forecast assumed “the technology continuing to get better. And if GDP were to grow this much, then economic doctrine suggests that new industries and inventions would need to have been created to power such a major economic expansion”.

Guess Word

Guess Word
Crack the word, one row at a time


Buzzword

Buzzword
Create words using the given letters


Mini Sudoku

Mini Sudoku
Tiny puzzle, mighty brain teaser


Mini Crossword

Mini Crossword
Small grid, big challenge


Word Search

Word Search
Spot as many words as you can


Show More


Show Less

Clark’s remarks come as the company prepares for an initial public offering expected in November that could value the firm at up to $2 trillion. 

HUMANS IN CONTROL, FOR NOW

Clark issued a wake-up call to policymakers about the speed of AI development, saying there was growing evidence of a “singularity” where AI development outpaces human control.

“We should expect that in the coming years, the whole pace of progress of not just AI but science as a whole will speed up, and this will feel confusing and disorienting, and will bring with it great wealth and potentially great peril,” he said in a lecture to hundreds of government and finance officials.

AI was a major topic at the IMF and World Bank meetings, as both a source of growth offsetting high energy prices and a potential threat to stability if it falls short of its promise as a productivity game-changer and stock valuations crash. 

Officials also expressed worries about AI destroying certain jobs and leaving some countries behind.

But Clark, a former journalist who serves as Anthropic’s “head of public benefit,” painted a picture of a rosy future where AI was a force multiplier for scientific discovery, solving mathematical, engineering and biological problems, including new drug discovery, as human researchers are supplemented by hundreds or thousands of AI assistants. 

More countries can participate in the AI revolution by helping to build the data center computing capacity needed to power AI, he said.

STRICTEST CONTROLS ON BIOLOGICAL RESEARCH

Clark cautioned that global leaders need to understand how powerful AI will become and make urgent choices about how to regulate the technology.

“Being able to use AI for science opens us up to the misuses of science as well, biological and cyber weapons and things we cannot yet imagine, and we have many choices to make,” he said.

Biological research, where AI has already created new viruses, is an area “where we want the strictest human oversight and transparency to maintain safety.”

Despite some recent high-profile incidents where rogue AI systems have escaped testing environments and hacked websites and databases, he said AI was still under human control. But the window to impose safeguards was shrinking as AI became more capable and was now “a small number of years.”

 Clark also acknowledged that AI was causing job losses in some fields with “high AI exposure” such as call centers and customer service personnel. But for other fields, such as scientific research, he said AI was enhancing employment and a major unknown was its potential to create jobs in completely new industries. 

Source: Reuters

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Inbox

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Whatsapp

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

FAST

Leave a Reply

Your email address will not be published. Required fields are marked *

About the Author

Easy WordPress Websites Builder: Versatile Demos for Blogs, News, eCommerce and More – One-Click Import, No Coding! 1000+ Ready-made Templates for Stunning Newspaper, Magazine, Blog, and Publishing Websites.

BlockSpare — News, Magazine and Blog Addons for (Gutenberg) Block Editor

Search the Archives

Access over the years of investigative journalism and breaking reports