Economists, including MIT professor Daron Acemoglu, are debating the impact of AI on economic growth. Acemoglu forecasts a 1% GDP boost from AI automation of 5% of tasks, with potential for higher gains with advanced systems like GPT-5, 6. However, there are differing views on the extent of AI's influence, with some suggesting a more modest impact on productivity growth.
What productivity boom? AI will provide just a 1% GDP boost over the next decade, MIT economist says.: The forecast for minimal growth is a far cry from the likes of Goldman Sachs, which sees $7 trillion of GDP expansion being driven by AI. https://t.co/QB3Ttw1bRW #ai #ainews
What productivity boom? AI will provide just a 1% GDP boost over the next decade, MIT economist says. https://t.co/dJ57NwKNR0
MIT professor hoses down predictions AI will put a rocket under the economy https://t.co/5K70Xw4nWp
Worth reading Acemoglu's argument for a modest impact of AI on GDP in the near future Ultimately, it comes down to your assumptions about how good AI gets, how fast, and how much work it is relevant for. I think this is the base case, but I see more possible upside. We will see. https://t.co/wepCkTAVOy
New @nberpubs paper by @DAcemogluMIT with estimates of AI’s impact on economic growth. “Modest but non-trivial.” https://t.co/9xl4B5qcgJ https://t.co/pl1rThhkbU
An evaluation of claims about large macroeconomic implications of new advances in AI finds a 0.66 percent increase in total factor productivity over 10 years, from @DrDaronAcemoglu https://t.co/8VYks1sUom https://t.co/hgEyXNTYbc
Economists are debating how AI might reshape the U.S. job market and boost productivity growth in the decades ahead. But a new paper finds that such benefits will be harder to match across the Atlantic. https://t.co/NUZPd46RAG
Daron Acemoglu is not having all this AI hype https://t.co/M6bkN6FNZO
Acemoglu forecasting about 5% of tasks automated → 1% GDP boost due to AI Seems reasonable...based on deploying current systems. But if capabilities leap up again with GPT-5, 6 etc. it could be badly wrong. And even moreso if that starts a positive feedback loop. https://t.co/pXzQTi0XT6
Acemoglu forecasting about 5% of tasks automated → 1% GDP boost due to AI Seems reasonable, based on deploying current systems. The key question is whether capabilities leap up again with GPT-5, 6 etc. And then whether that can start a positive feedback loop. https://t.co/pXzQTi0XT6