Larry Summers thinks AI could replace ‘almost all’ forms of labor. Just don’t expect a ‘productivity miracle’ soon
Ever since OpenAI released its generative AI chatbot ChatGPT in November 2022, investors have flocked to companies with links to AI to try to profit from the world-changing technology. The hype has been so extreme that it sparked a debate on Wall Street over whether investors are justified in their AI enthusiasm—or if they’re getting …