In a widely circulated note, Citrini Research painted a dire picture of job losses and stock market sell-offs, though many analysts and economists questioned its conclusions.
The AI revolution may be upon us. But nobody knows for sure what it will mean for measures of overall economic well-being like GDP, unemployment, incomes and asset prices. The big picture: Will super-intelligent computing unleash stunning growth in output — or will it be more like some previous big advances that created "ghost GDP" that didn't show up much in the economic statistics? - Will it push millions of workers — especially white-collar professionals with high incomes — onto the unemployment rolls? Or enable them to be far more productive and thus earn more? - Will it push more of the national income toward owners of capital and away from human laborers? If so, what does that mean for the broader perpetual motion machine…