AI Isn’t ‘Revolutionary Change,’ and Its Benefits Are ‘Exaggerated,’ Says MIT Economist

An award-winning economist is calling out what he sees as an overinvestment in AI — and he’s issuing a warning that overhyping machines and underrating humans could be a big mistake.

In a Tuesday interview with NPR, MIT economist Daron Acemoglu explained that he didn’t think AI would revolutionize the economy in the next 10 years.

“I mean, unless you count a lot of companies overinvesting in generative AI and then regretting it,” he said.

Acemoglu, who won the Global Economy Prize in 2019, believes that AI’s effects are “exaggerated” and that the technology will not be able to perform many tasks outside of an office. Even inside an office, he

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Why Jay Powell refuses to be bullied by Wall Street | CNN Business

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. ...

Overwhelmed by your smartphone? Try switching to a basic phone

Opting for a basic phone can help you take control of your time....

Japan’s stock market rally fades as fear returns | CNN Business

Hong Kong CNN  —  A comeback rally in Japanese stocks has quickly lost steam, as the specter of a...