AI is not yet lifting productivity, Barclays tells clients
Barclays analysts find the evidence linking AI adoption to stronger productivity remains weak, fuelling fears the trillions being spent may not pay off.
Tag: economy
5 articles tagged economy
Labour's AI tsar warns middle classes face biggest hit
Simon Johnson, chair of the government's AI Economics Institute, warns AI could push 10-20% of UK workers out of good jobs and sharpen inequality quickly.
Nobel laureates urge urgent action on AI's economic impact
More than 200 researchers and economists, including 15 Nobel laureates and staff at OpenAI, Anthropic and Google, urge urgent action on AI's economic impact.
AI could collapse the welfare state, minister warns
Treasury minister Darren Jones warns the UK benefits bill could become unaffordable within a decade if AI puts millions out of work and concentrates wealth.
AI job losses to stay limited this year, Bridgewater says
Hedge fund Bridgewater says constrained computing capacity and patchy adoption will keep AI-driven job displacement low in the near term.
