Darren Simoglu: It's interesting to think about the fact that these large companies you didn't mention Apple. Although they are large and although they have a lot of power within their. The phtoms which would be say Google all of a sudden chat GPT. Is making them a little uneasy. So yes, I think AI broadly construed could be a competitive shock to that industry but I think that's not the path we're going in right now.
Economist and author Daron Acemoglu of MIT discusses his book Power and Progress with EconTalk host Russ Roberts. Acemoglu argues that the productivity and prosperity that results from innovation is not always shared widely across the population. He makes the case for the importance of regulating new technologies to ensure that the benefits of innovation are distributed equitably.