Page 19 - Daron Acemoglu News Today

In a frenzy unseen since the birth of social media in the early 2000s, investors are pouring billions into generative AI and fueling a startup boom in San Francisco. But the rapid growth of the artificial-intelligence business may not be a panacea for the city's economic and commercial real-estate woes, according to a dozen tech industry professionals interviewed by Reuters. Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI ...

Pakistan has signed a fresh nine-month stand-by agreement with the International Monetary Fund worth $3 billion in a last-ditch bid to avoid sovereign default.The agreement at the staff level is...

The current system allows admissions officers to make highly consequential decisions without transparency or accountability

Economists built a mathematical model for avoiding a machine learning disaster

Economists Daron Acemoglu and Simon Johnson on why progress requires more than technological innovation alone — guided by history.

Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase...

Technology has impacted workers for centuries, taking over jobs to save companies money and putting thousands of employees out of work.

And Jamie Raskin opts against a Senate run.

CAMBRIDGE — Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase its standard of living sustainably is to produce more goods and services with fewer resources. Since the Industrial Revolution, this has been achieved through innovation, which is why productivity has become synonymous, in the public imagination, with

Yale SOM’s Jeffrey Sonnenfeld and Steven Tian and economists Paul Romer and Dirk Bergemann explain the arguments from each camp in the debate over artificial intelligence, from true believers to alarmists.