Economists and Tech Leaders Warn AI Could Cause Large-Scale Job Displacement and Other Risks

A group of over 200 economists, researchers, and tech leaders, including former Google CEO Eric Schmidt, has issued a call to action urging policymakers and industry to establish safeguards and guide AI development to benefit society and minimize risks. The signatories warn that AI could significantly transform the economy over the coming decade, offering potential increases in living standards but also posing threats such as large-scale job displacement and safety concerns. As major companies race to develop more powerful AI tools, public backlash and regulatory efforts are increasing, with some communities banning data centers and raising environmental and societal worries.

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