AI could trigger explosive growth – and crush labour’s share
Past research may underestimate AI’s ‘transformative’ potential, economists say
The increasing use of artificial intelligence could overturn widely held beliefs in economics, creating the possibility of “explosive” growth and labour market upheaval, new research finds.
Economic growth under transformative AI, by economists Philip Trammell and Anton Korinek, warns that while growth could accelerate dramatically with widespread use of AI, the share going to workers could crash to zero.
Economist Daron Acemoglu made a similar warning in recent remarks to the Bank for
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