MIT Economist Sounds Alarm On AI Hype: 'A Lot Of Money Is Going To Get Wasted'

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What Happened: Acemoglu expressed his concerns that the current enthusiasm for artificial intelligence is resulting in excessive financial commitments, in a Bloomberg interview on Thursday.

He remarked, “A lot of money is going to get wasted,” stressing that the expected economic transformation is unlikely to arise from such a small percentage.See Also: ...

Economist Daron Acemoglu of the Massachusetts Institute of Technology, has voiced his apprehensions regarding the ongoing surge in AI investments.

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Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United States

Topics: AI Bubble Massachusetts Institute of Technology Tech Benzinga neuro General Markets Analyst Color Pooja Rajkumari Benzinga Daron Acemoglu Stories That Matter News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 14:45:02 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 324 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22864931

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