MIT economist says AI can only handle 5% of jobs, fears stock crash

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MIT economist says AI can only handle 5% of jobs, fears stock crash
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Today's Business Headlines: 10/02/24

The much-hyped AI takeover of the US job market is likely overblown – and it could hurt the bottom lines of overzealous companies that have invested billions into the technology, according to a prominent expert.

Union boss who threatened to 'cripple' economy lives in luxe 7,000 square-foot mansion with guest house — and a Bentley “You need highly reliable information or the ability of these models to faithfully implement certain steps that previously workers were doing,” Acemoglu told the outlet. In August, investor and strategist David Roche told CNBC that he expects the economy to enter a bear market in 2025.Trump likely to take an ax to the gov's vast 'woke' bureaucracy if he's back in office

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