AI’s Market Path Will Get Bumpier by Mohamed A. El-Erian
By enhancing the input that goes into so much of what we do—intelligence—AI’s potential to drive higher economic growth is enormous. But with fears of the technology’s unintended consequences affecting the pace and depth of adoption, the promise of long-term gains must be set against more immediate risks.
MILAN—The US economy and its financial markets are in a generational race whose implications extend well beyond the prospects for future prosperity and financial stability. The race is between AI and related technologies that hold massive potential to unlock productivity and earnings growth, on the one hand, and the unintended consequences of these technologies, on the other.
