Will AI be an economic net positive? Probably not
It’s hard to see how AI’s effects will cure the US government’s unsustainable fiscal trajectory
Add BT as a preferred source
THE boom in artificial-intelligence (AI) investment is undoubtedly boosting both the US stock market and the broader economy right now. But what about the longer term? Will AI be a big net positive, delivering prosperity and solving the nation’s fiscal problems?
Most likely, I’m sorry to say, it’ll be closer to a wash.
To assess AI’s longer-run implications for the economic outlook, one must consider three questions:
TRENDING NOW
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next
The Singaporean turning Vietnam's Techcombank into an AI-first lender
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
Xi Jinping has just rewritten the rules of US-China rivalry
