this post was submitted on 13 Jul 2026
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We Must Act Now: Nearly 200 Economists, Tech Leaders and Nobel laureates(Including Eric Schmidt, Reid Hoffman) Warn About AI's Threat to Economy (digitaleconomy.stanford.edu)
submitted 1 day ago* (last edited 1 day ago) by beep@piefed.world to c/technology@lemmy.world
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cross-posted from: https://piefed.world/c/tech/p/1259761/we-must-act-now-nearly-200-including-eric-schmidt-reid-hoffman-economists-tech-leaders-a

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[–] ZephyrXero@lemmy.world 22 points 1 day ago (1 children)

Sounds like more people who have bought the hype, despite their pedigree. As while the business world is quickly learning AI can not replace all their staff like they hoped. LLMs are never going to become AGI, and the ML models that might actually have a shot are still in their infancy.

Eric Schmidt being amongst the signers makes me extra skeptical

[–] XLE@piefed.social 16 points 1 day ago (1 children)

https://www.wemustactnow.ai/

Includes 6 OpenAI executives, 3 Google ones, 10 Anthropic, a bunch of other virtue signallers.

What does it say?

AI may become radically more powerful over the next 10 years.

May it?!

This could drive an unprecedented transformation of our economy

What will happen?

"We are driving in the fog, and it is extraordinarily difficult to anticipate what will happen next."

We can really hold them to account for saying this specific thing!

What must we do, and why is it designed for corporate capture?

Economists, policymakers and technology leaders must act now to understand the economics of transformative AI and to build the incentives... to steer AI in a direction that complements humans and benefits society.

[–] Tim_Bisley@piefed.social 11 points 1 day ago

I hate investor hype masking as fear mongering that's always going on around AI. Need that Scooby Doo unmasking meme.