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The Latest Breaking News from Daron Acemoglu

Elon Musk Says He Is ‘Going to Do Something...’ After Nobel Economist Dares Him to Pledge $1 Trillion to Charity If ‘Money Won’t Matter In 2036’

Elon Musk said he’s “actually going to do something along these lines” after Nobel-winning economist Daron Acemoglu challenged him to pledge his fortune to charity if money won’t matter by 2036.

Barchart

'Donate your $1 trillion fortune by 2036': Nobel economist challenges Elon Musk after his 'money won't matter' prediction

Nobel laureate Daron Acemoglu challenged Elon Musk to donate his fortune by 2036. Musk responded positively, suggesting he may consider a major philanthropic move. His past giving has focused on science, education, and technology initiatives. Donating such a vast sum presents practical challenges regarding asset transfer and oversight. This potential…

The Times of India

Bernie Sanders Asks Elon Musk to Back a 5% Wealth Tax if He Truly Believes 'Money Won't Matter' in 2036

Sen. Bernie Sanders (I-Vt.) on Tuesday challenged Elon Musk to support a 5% tax on billionaires’ wealth if the Tesla Inc. (NASDAQ:TSLA) and Space Exploration Technologies Corp (NASDAQ:SPCX) CEO truly believed “money won’t matter” in 2036.

Benzinga

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A Nobel economist challenged Elon Musk to donate his entire $1T fortune by 2036. Musk's reply: 'I am actually going to do something along these lines'

Musk has historically been apprehensive about philanthropy, so his Monday statement would be a major change for billionaire and trillionaire giving as we know it.

Fortune

The AI jobs apocalypse probably isn’t coming anytime soon

Artificial intelligence may not deliver on its promise of vast economic opportunity at a price that humanity is willing to pay

The Guardian - US

'We are driving in the fog': Hundreds of economists admit they're flying blind on AI

Will AI take your job, or is it a bunch of hype? We must act now to understand what's out there, over 200 economists and 16 Nobel laureates say.

Fortune

China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation

“We need more people to innovate.”

Fortune

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'It's not going away': The Stanford economist who called the AI entry-level jobs crisis early has the receipts

Stanford's Erik Brynjolfsson is partnering with ADP's Nela Richardson on a live dashboard tracking what they found last summer: AI is eating entry-level work.

Fortune

AI unlikely to trigger 'Job Apocalypse', it may create uneven workforce disruption: Goldman Sachs Report

A Goldman Sachs report suggests that concerns regarding an impending 'AI job apocalypse' may be overstated. Over the next decade, while AI will inevitably displace millions of jobs in the US, experts are optimistic about the creation of new roles that will balance this shift. Some economists warn of initial…

The Economic Times

Nobel Laureate Daron Acemoglu on the 'brainless' AI discourse, the myth of capitalism and the Gen Z revolution risk

The MIT economist and Nobel Prize winner doesn't mince words: most of what you're reading about AI is wrong, and the stakes for getting it right are existential.

Fortune

The record gap between corporate profits and worker pay has an ‘undercurrent of betrayal,’ top economist warns

“Something in our economic narrative is broken.”

Fortune

The Nobel laureate who cowrote ‘Why Nations Fail’ warns U.S. democracy won’t survive the AI job-pocalypse. AI advocates suggest the opposite

Daron Acemoglu told Fortune Donald Trump’s AI policy could jeopardize U.S. democracy. But AI proponents say any regulation would hamper AI innovation.

Fortune

Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer

As more workers use AI, a recent study adds to growing evidence the tech doesn’t always deliver on promises of boosted productivity.

Fortune

Most people aren’t fretting about an AI bubble. What they fear is mass layoffs

Artificial intelligence could make income inequality even worse and create a new underclass. Governments and society must take action

The Guardian - US

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International Business Times UK

'Call of Duty: Black Ops 7' Slammed by US Congressman – Demands AI Job Loss Tax

US Congressman has criticised 'Call of Duty: Black Ops 7' for allegedly using AI-generated art, calling for regulation and a tax on AI-driven job loss. Here's how the COD controversy is reshaping debates around AI, gaming, jobs, and US politics.

The Conversation

Is AI really coming for our jobs and wages? Past predictions of a ‘robot apocalypse’ offer some clues

The robots were taking our jobs – or so we were told over a decade ago. The same warnings are regularly heard today about the likely impact of artificial intelligence (AI).

Benzinga

Amazon Memos Point To Robot Takeover — 600,000 Jobs Could Vanish (UPDATED)

Editor's note: Updated with Amazon's response and hiring context.

The Guardian - UK

The Guardian view on Britain’s AI strategy: the risk is that it is dependency dressed up in digital hype

Editorial: The UK’s plans seem to outsource sovereignty for phantom efficiency. Public services provide the data and power while US tech giants reap the rewards

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Fortune

Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20% longer

As more workers use AI, a new study adds to growing evidence the tech doesn’t always deliver on promises of boosted productivity.

Salon

"Summoning the demon": MAGA splits on AI

Some on the right see artificial intelligence as an apocalyptic threat from Big Tech

Fortune

Commerce Secretary Howard Lutnick says Trump’s tariffs will create ‘great jobs of the future’—fixing factory robots. Experts disagree

The plan to resurrect the industrial boom of the early 20th century has long odds of succeeding, Rutgers professor Eric Blanc said.

Fortune

A recession could create an ‘abrupt shift’ in AI adoption: ‘‘That’s when you really see the effects of automation’

During recessions companies lay people off, automate their jobs, and never hire them back.

International Business Times

Don't Let Tech Gurus Decide The Future: Nobel Winner Simon Johnson

Should our future by decided by the bosses of big tech firms? Is more regulation of Big Tech needed?

Reason

No Prosperity Without Economic and Political Liberty

Three American economists win Nobel Economics Prize for showing how free markets and democratic governance engender prosperity.

The Conversation

This year’s Nobel prize in economics awarded to team that examined what makes some countries rich and others poor

The 2024 Nobel Prize in Economics has been awarded to three US-based economists who examined the advantages of democracy and the rule of law, and why they are strong in some countries and not others.

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