AI will tamp down inflation, provide greater ‘social safety net,’ Silicon Valley businessman says

A prominent Silicon Valley businessman and venture capitalist believes artificial intelligence can spur deflation and create enough growth to help those whose jobs will be lost to the technology.

Vinod Khosla, 69, told the Wall Street Journal in an interview published Wednesday that while AI will eliminate many current jobs, the technology will allow society to create a “safety net” through the lower price of services such as medical and