AI Won't Bring Back Era of Rapid Growth, Says Nobel Prize Winner

A Nobel Prize-winning economist has issued a stark warning: artificial intelligence will not return Western economies to the era of rapid productivity growth that many expect.

Governments and tech firms have pinned their hopes on AI reviving growth levels that have slowed sharply in recent decades. However, this expert believes that growth may never return.

While the Nobel laureate acknowledges AI may 'ride to the rescue' in the long run, he cautions it will take time for the technology to feed through into concrete economic growth figures.