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Big Take
What Economists Talk About When They Talk About AI
Feb 5, 2025
Tom Orlik, Chief Economist at Bloomberg Economics, brings a wealth of knowledge on the economic implications of artificial intelligence. He discusses three potential scenarios for AI's impact on the global economy, ranging from optimistic shifts to dystopian outcomes. The conversation dives into how competition, particularly from China's DeepSeek, is reshaping the landscape. Orlik also tackles the complex relationship between AI and productivity, exploring challenges in measuring its effects and the potential repercussions on the workforce and societal inequality.
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Quick takeaways
- The optimism surrounding AI's transformative potential must be balanced with concerns about significant job displacement in white-collar sectors.
- Economists believe that the full impact of AI on productivity and economic growth will take years to fully understand and manifest.
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