Nobel Economist Says AI Will Deliver a 'Small' Productivity Boost—Not the Revolution Markets Are Pricing
Nobel laureate Daron Acemoglu argues AI will give only a modest productivity boost and won't eliminate human work, colliding with equity valuations built on transformative automation assumptions. The disconnect sharpens as CPI runs at 3.8%, gasoline costs rise $857 per household, and consumer sentiment deteriorates among the income cohorts most likely to buy AI tools.
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