Hundreds of economists say ‘we must act now’ on AI’s economic impact and job displacement risks

Hundreds of economists say in an open letter that institutions “must act now” to address how artificial intelligence could transform the economy and could put many people out of work.

The statement released Monday was signed by top economists, along with computer scientists and some executives at tech companies including Anthropic, Google and OpenAI.

“AI may become radically more powerful over the next 10 years,” says the letter organized by Stanford University’s digital economy lab.