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Is AI overhyped or underhyped? 6 tips to separate fact from fiction


Two leading authorities on the AI wave disagree on its potential impact.

AI might profitably automate only 5% of tasks and add just 1% to global GDP over the coming decade, he said in a recent MIT Sloan presentation. On the overhyped side, "the industry has not produced applications that are critical for the production process or for generating new goods and services that are going to be hugely valuable," Acemoglu said. The current state of the art in AI is still relegated to predictive tasks that don't require high levels of social interaction and judgment, he continued.

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