AI Can Only Do 5% of Jobs, Says MIT Economist Who Fears Crash
Daron Acemoglu doesn’t see how AI lives up to all the hype
Acemoglu has become one of the louder, and more high-profile, voices warning that the AI frenzy on Wall Street and in C-suites across America has gone too far.
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Goldman’s Top Stock Analyst Is Waiting for AI Bubble to Burst
Covello casts doubt on hype behind an $16 trillion rally
He says costs, limited uses means it won’t revolutionize world
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An Institute Professor, the highest title for faculty at MIT, Acemoglu first made a name for himself beyond academic circles a decade ago when he co-authored Why Nations Fail, a New York Times bestselling book.
AI, and the advent of new technologies, more broadly, have figured prominently in his economics work for years.
Bloomberg 2 October 2024
Why Nations Fail
https://englundmacro.blogspot.com/2022/06/patriots-vs-globalists-ii.html
OpenAI’s Complex Path to Becoming a For-Profit Company
https://englundmacro.blogspot.com/2024/09/openais-complex-path-to-becoming-for.html
Tillbaka till Wall Street och Stockholm 5-6 oktober 2024
https://englundmacro.blogspot.com/2024/10/wall-street-och-stockholm-5-6-oktober.html
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