As promising as AI may be, there is little chance it will live up to that hype, Dr Acemoglu, a renowned professor at Massachusetts Institute of Technology (MIT), said. By his calculation, only a small share of all jobs – a mere 5 per cent – is ripe to be taken over, or at least heavily aided, by AI over the next decade. Good news for workers, true, but very bad for the companies sinking billions into the technology expecting it to drive a surge in productivity.

1933900

NZ Herald

Auckland

New Zealand

MIT economist says AI can do only 5% of jobs - and crash may lie ahead

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...

Media Bias/Fact Check

New Zealand Media and Entertainment

The much-hyped AI takeover of the US job market is likely overblown – and it could hurt the bottom lines of overzealous companies that have invested billions into the technology, according to a prominent expert.

MIT economist says AI can only handle 5% of jobs, fears stock crash

Ad Fontes Media

All Sides

New York Post

Murdoch family

New York

United States

Dr Daron Acemoglu doesn’t see how AI lives up to all the hype. Read more at straitstimes.com.

The Straits Times

Singapore Press Holdings

Singapore

AI can only do 5% of jobs, says MIT economist who fears stock crash

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.

Bloomberg

Michael Bloomberg

The Vanguard Group

Howard Buffett

BlackRock

AI Can Only Do 5% of Jobs, Says MIT Economist Who Fears Crash

Daron Acemoglu is one of the louder voices warning that the AI frenzy has gone too far.

The Mercury news

Alden Global Capital

San Jose

Santa Clara County

California

AI can only do 5% of jobs, says MIT economist who fears crash

He points to reliability issues and a lack of human-level wisdom or judgment, which will make people unlikely to outsource many white-collar jobs to AI anytime soon.

Portland Press Herald

MaineToday Media

Portland

Cumberland County

Maine

MIT economist says AI can do only 5% of jobs – and crash may lie ahead

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.

TechXplore

AI can only do 5% of jobs, says economist who fears crash

A Massachusetts Institute of Technology (MIT) economist warned that the current artificial intelligence boom may only significantly impact 5% of jobs over the next decade. He predicted that companies investing heavily in AI may face challenges ahead.  Daron Acemoglu, a professor of economics at MIT, outlined three potential scenarios for the future of AI, forecasting a combination of a market crash and job cuts that could lead to economic turmoi…

Straight Arrow News

MIT economist claims AI capable of doing only 5% of jobs, predicts crash

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 …

American Military News

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…

AI can only do 5% of jobs, says MIT economist who fears stock crash

Coverage Details

Give the gift of Perspective

Bias Distribution

Ownership

Similar News Topics

Similar News Topics