"The Simple Macroeconomics of AI"

That is the new Daron Acemoglu paper, and he is skeptical about its overall economic effects.  Here is part of the abstract: Using existing estimates on exposure to AI and productivity improvements at the task level, these macroeconomic effects appear nontrivial but modest—no more than a 0.71% increase in total factor productivity over 10 years. […]

Read more here: External Link