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The Latest Breaking News from Daron Acemoglu

Goldman Sachs says AI is too expensive and unreliable — firm asks if 'overhyped' AI processing will ever pay off massive investments

Goldman Sachs interviewed several experts to offer contrarian views on the future of AI, plus they looked at the challenges the technology faces if it wants to grow indefinitely in the future.

Tom’s Hardware

Angus Deaton on inequality: ‘The war on poverty has become a war on the poor’

The Nobel prize winner and author of new book Economics in America argues economists must get back to serving society

The Guardian - US

Power and Progress Is a Wrongheaded Critique of Tech Progress

An undercurrent of the book is that common people want whatever progressive intellectuals want them to want.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Slavery, revolution and war: Baillie Gifford prize longlist highlights history

Tania Branigan’s Red Memory and Jeremy Eichler’s Time’s Echo are among the titles in the running for the £50,000 award

The Guardian - UK

AI’s disruptive economic impact, an India check

Artificial Intelligence could be highly disruptive, but growing advancements in AI are now a reality and being equipped with the latest tools will be an advantage

The Hindu

IBM CEO Arvind Krishna points to declining populations to calm fears about A.I. taking jobs

Employees doing routine tasks that A.I. can perform is “not an option” given population declines, argues the IBM chief.

Fortune

Analysis-Turkish lira's long decline a symbol of strife

As Turkey's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Tayyip Erdogan secures another decade in power.

Reuters

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Power and Progress review – why the tech-equals-progress narrative must be challenged

In an important new book, US economists Daron Acemoglu and Simon Johnson propose ways in which digital technology can be repurposed for human flourishing as well as private profit

The Guardian - UK

Nicholas Goldberg: Does AI mean the 4-day workweek is almost here?

I'd like to work four days a week instead of five. Wouldn't you?

Los Angeles Times

ChatGPT will quickly handle at least half of the tasks of financial investment jobs, researchers predict

New research takes a look at how generative A.I. will impact the U.S. labor market.

Fortune

AI and robots fuel new job displacement fears

There's debate over whether the jobs lost to automation will be replaced by different or better roles.

Axios

Hayek Was a True Liberal

A new biography tells the story of the economist’s early life and career.

Reason

Can Biden save democracy one US factory job at a time?

President Joe Biden is working to create a manufacturing revival

The Independent UK

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