The Information Machine
Concluded·New·in the edition since 26 Sep 2026·4 sources·updated 26 Sep 2026

FRI's review of AI forecast accuracy

The gist

FRI Review Finds Experts Consistently Underestimated AI Progress

Systematic underestimation of AI capabilities by domain experts raises questions about the reliability of forecasts used in policy and risk planning. FRI's own methodological caveat means the current findings may overstate the degree of underestimation until more forecasts resolve.

The full picture

The Forecasting Research Institute reviewed four years of expert AI forecasts and found that experts and superforecasters consistently underestimated AI capabilities gains and lab revenues, while overestimating biorisk uplift from AI. Predictions about diffusion rates were more mixed. FRI drew on multiple studies including the Existential Risk Persuasion Tournament, an AI adversarial collaboration, an LLM-biorisk study, an AI-cyber risk pilot, and the Longitudinal Expert AI Panel. On specific forecasts, superforecasters gave only a 1.7% probability to a Millennium Prize being solved as soon as it was, while experts gave 4.5% and placed a median prediction at 2040. Self-driving cars remain a counterexample, representing roughly 0.6% of ride-share trips, slower diffusion than many predicted. FRI also carries a significant methodological caveat: its approach is structurally biased toward surfacing underestimates, because a median forecast is revealed as too low the moment real-world performance crosses it, whereas an overestimate can only be confirmed after the full resolution date passes. FRI further notes that the vast majority of its AI progress forecasts remain unresolved, so the overall accuracy picture could shift substantially. Separately, AI models have surpassed top human forecasters on MetaculusBench, and an AI reportedly won the Summer 2026 Metaculus Cup, beating every human participant.

How it developed
First in the edition · 26 September 2026
25 September 2026

The Forecasting Research Institute published a review September 25 of expert AI forecasts from mid-2022 to August 2026, finding experts and superforecasters consistently underestimated AI capabilities gains and lab revenues while overestimating biorisk uplift.

FRI noted its methodology is biased toward surfacing underestimates, since a median is revealed as too low the moment real-world performance crosses it. Separately, AI models surpassed top human forecasters on MetaculusBench and won the Summer 2026 Metaculus Cup, beating every human participant.

2 September 2025

FRI announces new dedicated projects on AI trajectories, including a longitudinal expert panel and economist survey on labor market effects.

Sources
The daily email

Want this in your inbox?

I send one email each morning with the stories that moved. If you would rather just read here, that works too.

Subscribe free