Yes, AI will wipe out some jobs. But this is the story of progress
AI will inevitably make some jobs redundant, but the benefits to society are far worth it, writes Paul Ormerod The world of AI has gone through exciting times in the last couple of weeks. The main event of course was the launch of the Chinese AI app DeepSeek. It looks very much like ChatGPT and almost […]
AI has not yet spurred a productivity boom, but just you wait
Nobel laureate Bob Solow pronounced 30 years ago that “you can see the computer age everywhere but in the productivity statistics”. At the start of the 1980s, the world entered the digital age. Fax machines transformed communications. The introduction of personal computers made high-powered computing available to all. But it took time to work out […]
Artificial intelligence will dominate every aspect of our lives, but it won’t replace us
Guess which of the 964 jobs listed in the widely used Occupational Information Network online database is the least susceptible to replacement by artificial intelligence (AI). The unsurprising answer is that of “massage therapist”. This is one of the findings of a paper in the latest issue of the American Economic Review by Erik Brynjolfsson […]
