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AI can only do 5% of jobs, tech stocks might crash: MIT economist
short by Mansi Agarwal / on Thursday, 3 October, 2024
MIT economist Daron Acemoglu said AI could only replace or heavily assist in around 5% of jobs over the next decade. "A lot of money is going to get wasted. You're not going to get an economic revolution out of that 5%," he stated. He added that stocks of technology firms could crash if AI hype continues to build further.
read more at Hindustan Times