A few months ago before Google Bard was rebranded as Gemini, I asked it several questions to assess the state of AI.

Like any “expert” the answer from an AI needs to be verified by human intelligence and may include made up “facts.”

This example is a strictly factual question about a specific document, but note that the AI inserted unrequested value based evaluations.  Such judgements by the AI reflect accepted opinion, but accepted by whom? Sometimes it is a common consensus and other times it is a fringe bias.

Question

In the last actuary report on the Social Security Old Age program, what was the size of the trust fund and annual interest income?

AI Answer

According to the 2022 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, the size of the OASI Trust Fund at the end of 2022 was $2.7 trillion. The annual interest income on the OASI Trust Fund in 2022 was $66 billion.

The OASI Trust Fund is financed by Social Security payroll taxes paid by workers and their employers. The Trust Fund is used to pay Social Security benefits to retired workers, their spouses and children, and survivors of deceased workers.
The OASI Trust Fund is projected to be depleted in 2035. This means that, without changes to the Social Security program, the Trust Fund will not be able to pay full benefits to beneficiaries after that time.

The Social Security Administration is working on a number of proposals to address the long-term financial challenges facing the Social Security program. These proposals include raising the payroll tax cap, increasing the retirement age, and reducing benefits.

The Social Security program is an important safety net for millions of Americans. It is important to find solutions that will ensure the long-term financial sustainability of the program so that it can continue to provide benefits to future generations.