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Emeritus Prof Christopher May
@ChrisMayLA6@zirk.us  ·  activity timestamp 6 days ago

Q. is the next financial crisis approaching?

If so, its likely it will be related to the over-valuing (under-delivery) of any contribution to productivity growth delivered by artificial intelligence.

Share prices are high on the promise of the payback from using AI, while financiers seem to think AI will reduce inflationary pressure with its positive impact on productivity.

But when this fails to materialise, things could go wrong, pretty quickly

#AI #economics

h/t Larry Elliott/Guardian

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