MIT Technology Review February 25, 2025
Daron Acemoglu has long studied technology-driven growth. He thinks we should slow down and make sure we’re using AI the right way.
For all the talk about artificial intelligence upending the world, its economic effects remain uncertain. But Institute Professor and 2024 Nobel winner Daron Acemoglu has some insights.
Despite some predictions that AI will double US GDP growth, Acemoglu expects it to increase GDP by 1.1% to 1.6% over the next 10 years, with a roughly 0.05% annual gain in productivity. This assessment is based on recent estimates of how many jobs are affected—but his view is that the effect will be targeted.
“We’re still going to have journalists, we’re still going to have financial analysts, we’re still going...
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