"My calculations suggest that the GDP boost within the next 10 years should also be modest, in the range of 0.93%-1.16% over 10 years in total."
"I estimate that [total factor productivity] effects from AI advances within the next 10 years will be modest "
"Some uncertainty is of course healthy," says Daron Acemoglu of the change brought on by AI, since "we are at the very, very beginning of it."
Machines are not necessarily good or bad. Whether they destroy or create jobs all depends on how we deploy them, and on who makes those choices.
"We urgently need to pay attention to how the next wave of disruptive innovation could affect our social, democratic, and civic institutions."
"Companies must recognize that, in reality, labor is a critical resource for productivity growth."
Research from Daron Acemoglu, Simon Johnson, Danielle Li, and Mert Demirer is referenced in this article about the effects of AI on workers.
The west is not channelling innovation as well as it could. “This reflects the dominance of a few firms that are hoarding innovative resources."
"The natural resources that should be Africa's golden ticket to economic prosperity have in many instances just been used by despotic leaders."
"Democracies need to show that they deliver in terms of economic growth, shared prosperity, control of corruption, and people's needs and wishes.
