{"id":760885,"date":"2026-07-13T19:01:13","date_gmt":"2026-07-13T19:01:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/760885\/"},"modified":"2026-07-13T19:01:13","modified_gmt":"2026-07-13T19:01:13","slug":"hundreds-of-economists-say-we-must-act-now-on-ais-economic-impact","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/760885\/","title":{"rendered":"Hundreds of economists say ‘we must act now’ on AI\u2019s economic impact"},"content":{"rendered":"

SAN FRANCISCO (AP) \u2014 Hundreds of economists say in an open letter that institutions \u201cmust act now\u201d to address how artificial intelligence<\/a> could transform the economy and could put many people out of work.<\/p>\n

The statement released Monday was signed by top economists, along with computer scientists and some executives at tech companies<\/a> including Anthropic, Google and OpenAI.<\/p>\n

\u201cAI may become radically more powerful over the next 10 years,\u201d says the letter organized by Stanford University\u2019s digital economy lab. \u201cThis could drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame. It could bring risks, including large-scale job displacement, as well as opportunities such as major gains in living standards.\u201d<\/p>\n

The letter, which has only four sentences, says leaders must \u201cbuild the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society.\u201d<\/p>\n

The Stanford lab says the letter has so far been signed by more than 200 economists and AI researchers, including 16 winners of a Nobel Prize.<\/p>\n

Computer scientist and AI pioneer Yoshua Bengio was among the signatories and said in a separate statement that based on the trajectory of AI development, \u201cit is highly plausible that AI will drastically transform our economies.\u201d<\/p>\n

\u201cWe must be intentional and make collective, democratic choices, rather than letting market forces play out and risking leaving most citizens behind,\u201d wrote Bengio, a professor at the University of Montreal.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN FRANCISCO (AP) \u2014 Hundreds of economists say in an open letter that institutions \u201cmust act now\u201d to…\n","protected":false},"author":2,"featured_media":760886,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[4613,15959,181,28,2356,101,793,851,11382,22997,74,965],"class_list":["post-760885","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alphabet","tag-anthropic-pbc","tag-artificial-intelligence","tag-business","tag-california","tag-economy","tag-general-news","tag-inc","tag-information-technology","tag-openai-inc","tag-technology","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/760885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=760885"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/760885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/760886"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=760885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=760885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=760885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}