- Paul Romer spots a serious mistake in the hype surrounding AI technology.
- The economist states that AI will face adverse conditions in the future, driven by the lack of enough data.
- Within two years, the community will realize the hype was a bubble, says Romer.
Paul Michael Romer, an American economist and Nobel laureate, recently shared insights on the potential risks of AI technology. During a discussion at the Asian Investment Conference in Hong Kong on Wednesday, Romer warned that the AI space will face adverse conditions in the future due to the potential lack of sufficient data.
Drawing a parallel between the previous crypto hype bubble and the prevailing hype surrounding AI, Romer argued that the community is committing a grave mistake. He cited,
“Right now, there’s way too much confidence about the future trajectory of AI. When people project this forward, I think they’re at risk of making a very serious mistake.”
Over the recent months, many experts have voiced concerns about artificial intelligence, highlighting different aspects. For instance, the use of AI by bad actors or hackers to create harmful deepfakes has raised alarm. In ad…
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