Read AI jobs warning letter signed by Eric Schmidt, Reid Hoffman and top economists
Over 200 prominent economists and tech leaders, including Eric Schmidt and Reid Hoffman, have signed an open letter warning of the potential for large-scale job displacement caused by AI. The letter urges policymakers to act quickly to establish guardrails for the rapidly evolving technology.
Why it matters
It represents a rare consensus between AI developers and economic experts regarding the urgent need for regulatory oversight of artificial intelligence.
Over 200 of the world’s most influential economists, technology executives and researchers have signed an open letter warning that artificial intelligence (AI) poses a serious and growing threat to jobs. The letter also says that the governments are not moving fast enough to prepare for what is coming. The letter, titled “We Must Act Now” and subtitled “A Statement on AI's Transformation of the Economy”, was organised by the Stanford Digital Economy Lab. At just 88 words, it is deliberately concise.Who all have signed the letterAmong those who signed: former Google CEO Eric Schmidt, LinkedIn co-founder Reid Hoffman, and Nobel Prize laureates Joseph Stiglitz, Daron Acemoglu, and Simon Johnson.
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