Hundreds of economists, including 16 Nobel Prize winners, have signed an open letter warning of the potential risks and benefits of artificial intelligence (AI) on the economy. The letter, organized by Stanford University’s digital economy lab, states that AI may become radically more powerful over the next 10 years, driving an unprecedented transformation of the economy and potentially leading to large-scale job displacement.
Experts Weigh In
Computer scientist and AI pioneer Yoshua Bengio said that based on the trajectory of AI development, it is highly plausible that AI will drastically transform our economies. The economists are calling for institutions to build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society.
Original reporting: Dallas TX News (HLL/CB) — read the source article.
