Business & TrendsOctober 06, 2026
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Acemoglu: AI Is Chasing the Wrong Goal
Nobel economist Acemoglu forecasts just 1.5% GDP growth from AI over a decade.
#AI economics#Daron Acemoglu#Microsoft#productivity#GDP
š„ What happened
MIT economist Daron Acemoglu argues AI is optimizing for the wrong target: replacing workers instead of augmenting them. He estimates only about 5% of human work will be automated within a decade.
š” Why it matters
Despite record spending on GPUs and data centers, AI barely shows up in productivity stats ā much like electricity, which took decades to spread through factories. Firms underestimate the work of reallocating tasks between humans and models.
ā” Our take
The industry is selling the end of work while the numbers tell a different story. Anyone betting on full automation today is building expensive solutions for a problem that doesn't exist yet.
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