Reported about 14 hours ago
Nobel laureate Richard Thaler expresses skepticism about the potential returns from AI investments, despite the current hype and soaring stock prices of tech giants. While acknowledging the transformative potential of AI, Thaler warns that the market may be overestimating future profits, drawing parallels to past tech booms and noting that breakthroughs like the iPhone took time to yield significant economic benefits. He emphasizes the uncertainty in predicting the economic impact of AI, urging caution among investors.
Source: YAHOO