Page 16 - Daron Acemoglu News Today

Simon Johnson on Banking, Technology, and Prosperity | Podcast Summary

Employment, for now, is still for humans.

On July 26, 2023, the democratically elected president of Niger, Mohammed Bazoum, was deposed in a coup by the country’s military. West African leaders roundly condemned the coup and quickly imposed economic and diplomatic sanctions on Niger. They called for the immediate release of Bazoum, who has been detained by

Books newsletter: A preview of Saturday’s pages and a roundup of the latest literary news

AI is often portrayed as a job killer. But most companies are likely to use the technology to get more things done with the same number of people.

If medieval advances in the plough didn't lift Europe's peasants out of poverty, it was largely because their rulers took the wealth generated by the new gains in output and used it to build cathedrals instead. Economists say something similar could happen with artificial intelligence (AI) if it enters our lives in such a way that the touted benefits are enjoyed by the few rather than the many. "AI has got a lot of potential - but potential to go either way," argues Simon J...

Backers of AI predict a productivity leap that will generate wealth and improve living standards. Consultancy McKinsey in June estimated it could add between $14 trillion and $22 trillion of value annually - that upper figure being roughly the current size of the U.S economy.

Economists say something similar could happen with artificial intelligence (AI) if it enters our lives in such a way that the touted benefits are enjoyed by the few rather than the many.

Bringing Taiwan to the World and the World to Taiwan

The Aug. 1, 2023 episode of “The Ezra Klein Show.”