Lates News

Pierre Yared, acting chairman of the White House Council of Economic Advisers, referred to the artificial intelligence risk report that caused stock market turbulence last weekend as a "science fiction" narrative. The report, from the globally renowned macroeconomic and technological risk research organization Citrini Research, depicts the landscape of 2028: the rapid development of machine intelligence greatly increases production efficiency but also leads to the elimination of a large amount of manual labor, resulting in unemployment, consumer spending collapse, and dragging down stock indices like the S&P 500. Yared stated that the report's claim that artificial intelligence will destroy jobs due to its efficiency goes against basic economic principles. Yared said in a brief interview after his speech at the All America Business Economists Association in Washington, "Citrini's report is an interesting science fiction story - and I like science fiction. But I believe that if you carefully examine and think deeply, you will find that it violates some basic economic identities."