There’s Nothing Simple About the Macroeconomics of AI
==========
MIT economist Daron Acemoglu forecasts a 0.7% boost to US total factor productivity and 1.1% GDP growth over the next decades; Goldman Sachs predicts a 7% global GDP increase and 1.5% annual US productivity growth over 10 years; Acemoglu estimates AI will automate 5% of work tasks, while Goldman projects 25%; Lawrence Summers critiques Acemoglu's analysis for not considering rapid scientific progress; AI is seen as a powerful general-purpose technology that could revolutionize human welfare, potentially extending lifespan and improving mental health treatment.
#Ai #Economics #Productivity #Growth #Technology #DaronAcemoglu #GoldmanSachs #LawrenceSummers #Innovation #Welfare
https://www.aei.org/economics/theres-nothing-simple-about-the-macroeconomics-of-ai/
American Enterprise Institute /
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2024-10-28 19:50:40
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wss://relay.nostr.band/allPublished at
2024-10-28 19:50:40Event JSON
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"content": "There’s Nothing Simple About the Macroeconomics of AI\n==========\n\nMIT economist Daron Acemoglu forecasts a 0.7% boost to US total factor productivity and 1.1% GDP growth over the next decades; Goldman Sachs predicts a 7% global GDP increase and 1.5% annual US productivity growth over 10 years; Acemoglu estimates AI will automate 5% of work tasks, while Goldman projects 25%; Lawrence Summers critiques Acemoglu's analysis for not considering rapid scientific progress; AI is seen as a powerful general-purpose technology that could revolutionize human welfare, potentially extending lifespan and improving mental health treatment.\n\n#Ai #Economics #Productivity #Growth #Technology #DaronAcemoglu #GoldmanSachs #LawrenceSummers #Innovation #Welfare\n\nhttps://www.aei.org/economics/theres-nothing-simple-about-the-macroeconomics-of-ai/",
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