The great artificial intelligence challenge
Fears of mass unemployment are exaggerated, but the transition to an AI-first world will not necessarily be smooth
Since Robert Solow, economists know that technical change is the most important force to have driven economic growth in advanced economies. One could argue that this should settle the debate about the effects of artificial intelligence (AI)—it should already be crowned the best invention since electricity. Sadly, access to electricity killed millions of jobs and the fear that AI will do the same has crippled the enthusiasm for it.
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