An AI bears’ picnic


Via Goldman.

Interview with Daron Acemoglu, Institute Professor at MIT and has written several books, including Why Nations Fail: The Origins of Power, Prosperity, and Poverty and his latest, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. Below, he argues that the upside to US productivity and growth from generative AI technology over the next decade—and perhaps beyond—will likely be more limited than many expect

Allison Nathan: In a recent paper, you argued that the upside to US productivity and, consequently, GDP growth from generative AI will likely prove much more limited than many forecasters—including Goldman Sachs—expect.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.