By Daron Acemoglu Published in project syndicate on May 21, 2024 If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. Yet neither economic theory nor the data support such exuberant forecasts. […]
By Daron Acemoglu Published in project syndicate on May 21, 2024 If you listen to tech industry leaders, business-sector forecasters, and much of the media, you may believe that recent advances in generative AI will soon bring extraordinary productivity benefits, revolutionizing life as we know it. Yet neither economic theory nor the data support such exuberant forecasts.[…]
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MayPublished in The News on May 23, 2024 ISLAMABAD: Pakistan’s total investment has declined to its lowest ebb since 1972-3 and now it stands at 13.1 per cent of GDP in the current fiscal year 2023-24 despite a deafening chorus of boosting up the investment climate through the Special Investment Facilitation Council (SIFC). The investment-to-GDP ratio stood[…]
