Reported about 4 hours ago
AI has the potential to significantly decrease inflation by boosting productivity, but this may come with severe consequences for the job market, according to economist Chen Zhao. While lower prices could benefit consumers, the transition to an AI-driven economy may lead to widespread job displacement, raising concerns about inequality and the impact on the workforce. Despite these challenges, other experts acknowledge AI's ability to lower costs, though skeptics warn of inflationary pressures and job losses that could offset benefits.
Source: YAHOO