AI Can Only Do 5% of Jobs, Says MIT Economist Who Fears Crash
- Daron Acemoglu doesn’t see how AI lives up to all the hype
- “You’re not going to get an economic revolution,” he says
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Daron Acemoglu wants to make clear right away that he has nothing against artificial intelligence. He gets the potential. “I’m not an AI pessimist,” he declares seconds into an interview.
What makes Acemoglu, a renowned professor at Massachusetts Institute of Technology, come off as a doomsayer locked in on the mounting economic and financial perils ahead is the unrelenting hype around the technology and the way it’s fueling an investment boom and furious tech stock rally.