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Don’t Believe the AI Hype

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May 21, 2024

By DARON ACEMOGLU – Project Syndicate

If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. Yet neither economic theory nor the data support such exuberant forecasts.

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