Rethinking the AI boom, with Daron Acemoğlu
The Economics Show
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AI's Economic Impact: A Cautious Perspective
This chapter examines the complex interplay between AI, particularly large language models, and their influence on productivity and the economy. It contrasts the optimistic projections of institutions like Goldman Sachs and McKinsey with a more conservative view on AI's contributions to GDP growth, emphasizing the modest changes expected over the next decade. The discussion also addresses the implications of AI in sectors such as education and government services while cautioning against the potential pitfalls of rapid technological disruption.
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