Will AI Be an Economic Net Positive? Probably Not
Bloomberg reports that it’s important, but don’t expect it to fix the nation’s dire fiscal outlook.
The boom in artificial-intelligence investment is undoubtedly boosting both the US stock market and the broader economy right now. But what about the longer term? Will AI be a big net positive, delivering prosperity and solving the nation’s fiscal problems? Most likely, I’m sorry to say, it’ll be closer to a wash. To assess AI’s longer-run implications for the economic... ...
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