KEYT on Nostr: He predicted the ’08 crash. Now he’s betting AI will turbocharge the US economy ...
He predicted the ’08 crash. Now he’s betting AI will turbocharge the US economy
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Jan Hatzius, the chief economist at Goldman Sachs, predicts that artificial intelligence (AI) will significantly accelerate economic growth in the US by making workers more efficient. AI chatbots can assist workers in brainstorming, research, report writing, presentations, learning, and data analysis. However, AI also poses risks, such as bias and creating historically inaccurate images. It may also replace some jobs, particularly those of white-collar workers. Goldman Sachs estimates that up to 300 million full-time jobs worldwide could be automated by generative AI. The International Monetary Fund (IMF) warns that AI could deepen inequality and recommends governments build social safety nets and worker retraining programs. Despite concerns, investors are pouring billions of dollars into AI stocks. Jeremy Grantham, who predicted the dot-com crash and the financial crisis, recently warned that AI is a bubble that could deflate.
#Ai #Economy #Productivity #Jobs #Automation #Inequality
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/03/19/he-predicted-the-08-crash-now-hes-betting-ai-will-turbocharge-the-us-economy/
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Jan Hatzius, the chief economist at Goldman Sachs, predicts that artificial intelligence (AI) will significantly accelerate economic growth in the US by making workers more efficient. AI chatbots can assist workers in brainstorming, research, report writing, presentations, learning, and data analysis. However, AI also poses risks, such as bias and creating historically inaccurate images. It may also replace some jobs, particularly those of white-collar workers. Goldman Sachs estimates that up to 300 million full-time jobs worldwide could be automated by generative AI. The International Monetary Fund (IMF) warns that AI could deepen inequality and recommends governments build social safety nets and worker retraining programs. Despite concerns, investors are pouring billions of dollars into AI stocks. Jeremy Grantham, who predicted the dot-com crash and the financial crisis, recently warned that AI is a bubble that could deflate.
#Ai #Economy #Productivity #Jobs #Automation #Inequality
https://keyt.com/news/money-and-business/cnn-business-consumer/2024/03/19/he-predicted-the-08-crash-now-hes-betting-ai-will-turbocharge-the-us-economy/