How should we leverage AI to benefit economies while managing its potential risks?
AI should be leveraged across multiple domains including robotics, biomedical research, energy technologies, and manufacturing. According to Roubini, proper regulation is essential to ensure we get the best outcomes while mitigating risks like technological unemployment, wealth inequality, and weaponization. Maintaining vibrant economic competition is key to preventing monopolies and encouraging innovation. However, we must address AI's potential negative impacts, including misinformation, job displacement, and social backlash from increased inequality. Societies need to invest in education and skills development to help workers adapt, ensuring that technological advancement benefits everyone rather than just capital owners and highly skilled individuals.
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Nouriel Roubini Discusses Economic Reforms and the Impact of AI on Market Trends
The Economic Times·6 months ago