The article from the MIT News writes about the Nobel laureate Daron Acemoglu views on how AI’s effect on the economy.
According to him, if technology helps generate economic growth, then fast-paced innovation is good. However, if some technologies contain both benefits and drawbacks, it is best to adopt them more gradually. If social damages are large, a higher growth rate leads to slower optimal adoption.
An excerpt from the article:
“The faster you go, and the more hype you have, that course correction becomes less likely,” Acemoglu says. “It’s very difficult, if you’re driving 200 miles an hour, to make a 180-degree turn.”
Image: Harvard Business Review.
No comments:
Post a Comment