Critics argue that AI hype is unsustainable and major tech giants may be over-investing in generative AI, with limited real impact on economic changes.
Generative AI, like ChatGPT, still struggles with hallucinations and experts believe claims of AI intelligence are exaggerated, comparing it to 'autocorrect on steroids.'
Acemoglu predicts that generative AI will impact less than 5% of human tasks in modern offices and will only boost GDP impact by roughly 1.5% over the next decade.
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