THE WINDFALL CLAUSE Distributing the Benefits of AI for the Common Good Cullen O’Keefe, Peter Cihon, Ben Garfinkel, Carrick Flynn, Jade Leung, Allan Dafoe 1 THE WINDFALL CLAUSE Distributing the Benefits of AI for the Common Good Cullen O’Keefe,* Peter Cihon, Ben Garfinkel, Carrick Flynn, Jade Leung,† Allan Dafoe Centre for the Governance of AI, Future of Humanity Institute, University of Oxford *Corresponding address:
[email protected] †Corresponding address:
[email protected] Cite as: O’Keefe, C., Cihon, P., Flynn, C., Garfinkel, B., Leung, J., and Dafoe, A. (2020). The Windfall Clause: Distributing the Benefits of AI. Centre for the Governance of AI Research Report. Future of Humanity Institute, University of Oxford. Available at: https://www.fhi.ox.ac.uk/windfallclause/ EXECUTIVE SUMMARY Over the long run, technology has largely improved the human condition. Most of us live lon- ger, more comfortable, and freer lives than our ancestors because of innovations from the past two centuries. Nevertheless, the economic progress from these innovations has not arrived equitably or smoothly. For example, the enormous wealth generated by the key technologies of the Industrial Revolution—namely factory mechanization, steam power, and railroads—ini- tially accrued to only a few countries and individuals. Even today, industrial wealth remains highly unevenly distributed. In general, while technological innovation often produces great wealth, it has also often been deeply and acutely disruptive to labor, society, and world order. The world is likely to continue to experience both benefits and disruption from technologi- cal innovation. Advances in artificial intelligence (AI) currently warrant special attention in this regard.