Tuesday, April 4, 2023

AI and the Elderly


Today there are more city dwellers in Kenya than there were in all of Africa in 1950.

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Since the president took office, the Biden administration has finalized 551 rules with a total cost of $359.9 billion and a paperwork burden of 220.1 million hours, the AAF reported. At the same time in his presidency, the Trump administration had issued 617 rules with a regulatory burden of $6.9 billion and 42.8 million paperwork hours, while the Obama administration had issued 797 rules with a regulatory burden of $209.3 billion and 134.5 million hours.

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Below is an article on AI as a companion. Here is a site where GPT is a teacher. readtrellis.com


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AI and the Elderly


Loneliness is widely quoted to be as harmful to health as smoking 15 cigarettes daily. It increases the overall risk of death by 26%. 25% of adults over 65 in the UK suffer from it. It's found that a "reduction in loneliness from 'severe' to 'moderate' would have the same well-being benefit to the average person as a rise in income of £9,537 per year." Severe loneliness means 'often' or 'always', and moderate means' some of the time'. In 2020 (the study year), an equivalent rise in net income increased healthy life expectancy by five years! Dramatic, considering socializing with AI will be cheap.

Cowen has an article championing CHAT for the elderly.

"At the outset, there will be confusion about the technology from older people. There always is. But the relentless steamroller of progress will quieten the rejection, especially in the face of financial incentives:

Increasing socialization counters the deteriorating impact of loneliness. AI will do this cheaply. Therefore, families will be incentivized to socialize their parents with AI (bespoke to the demographic, like vitamins, and to the individual, like a newsfeed).

AI will replace some care visits, which are often paid for by the family. Therefore, AI would reduce the cost of the care families currently have to fund.

The state will begin to prescribe a daily AI conversation. These conversations will assess health, identify trends, and reduce perceived isolation. It will be entertaining, and adherence will be high. Social stimulation will create a healthier older generation with better health outcomes.

As we saw above, shifting from severe to moderate loneliness has enormous benefits. Loneliness may disappear entirely, eliminated by human and non-human intervention. Therefore a relatively small amount of social interaction could have vast public health benefits. I haven’t done the maths, but increasing the healthy life expectancy of 25% of the population by five years sounds significant.

There is also the immediate cost saving from the shift online. TV penetration is in decline. In the US, only 50% of households will have pay TV in 2026, down from 91% in 2010. Typically pay-TV costs $60 USD per month. ChatGPT costs $20. It will get cheaper."

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