AI looks like a disaster for shared prosperity, says Nobel Prize winner

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Nobel Laureate James Robinson believes the proliferation of artificial intelligence could be ‘calamitous’ for the majority of humanity.

“The drive of all of the tech barons is to replace people, to bring robots, to have self-driving cars, self-driving trucks, and get rid of people. That’s going to push wages down,” the British-American economist— who won the 2024 Nobel Prize in Economic Sciences with Daron Acemoglu and Simon Johnson for their research on how institutions shape a nation’s prosperity—told CNBC-TV18.

While he drew a parallel with the…



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AI looks like a disaster for shared prosperity, says Nobel Prize winner


Nobel Laureate James Robinson believes the proliferation of artificial intelligence could be ‘calamitous’ for the majority of humanity.

“The drive of all of the tech barons is to replace people, to bring robots, to have self-driving cars, self-driving trucks, and get rid of people. That’s going to push wages down,” the British-American economist— who won the 2024 Nobel Prize in Economic Sciences with Daron Acemoglu and Simon Johnson for their research on how institutions shape a nation’s prosperity—told CNBC-TV18.

While he drew a parallel with the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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