AI can do only 5pc of jobs, says MIT economist who fears crash – AFR

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Jeran Wittenstein
Oct 3, 2024 – 8.28am

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San Francisco | 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 Professor 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 about the technology and the way it is fuelling an investment boom and furious tech stock rally.

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