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Three things in AI to watch, according to a Nobel-winning economist

MIT Tech Review James O'Donnell May 11, 2026
Three things in AI to watch, according to a Nobel-winning economist
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# Nobel Economist Warns Tech Industry Is Overhyping AI's Impact A Nobel Prize-winning economist recently challenged Silicon Valley's excitement about AI, suggesting the technology may not deliver the transformative benefits companies are promising. His concerns center on whether AI will actually create meaningful jobs and economic growth, or simply replace workers without improving people's lives. The piece highlights a growing debate between tech optimists and skeptics about what AI can realistically accomplish in the real world.

This story originally appeared in The Algorithm, our weekly newsletter on AI. To get stories like this in your inbox first, sign up here. A few months before he was awarded the Nobel Prize in economics in 2024, Daron Acemoglu published a paper that earned him few fans in Silicon Valley. Contrary to

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