US Economy Becoming Highly Dependent On New, Untested AI Industry
Over the last few years, artificial intelligence (AI) has become extremely popular in Silicon Valley and is widely regarded as the most transformative technology in the 21st century. In fact, it is already reshaping sectors like education, transportation, finance, health care, media, and telecommunications. Indeed, it is estimated that about 60 percent of jobs in advanced economies may be impacted by AI, which means that it could affect economic growth, employment, and wages. As a result, investment in AI is booming across industries, echoing the late-1990s dot-com era, with investors pouring billions into AI in the hope for a big payday.