Hundreds of experts warn the world must prepare now for AI's impact

Hundreds of experts warn the world must prepare now for AI's impact Hundreds of experts have signed an open letter demanding that policymakers and technology leaders "must act now" to prepare for the economic impact of artificial intelligence. The brief letter, released on Monday and organised by Stanford University's digital economy lab, carries the signature of more than 200 economists and AI researchers, including 16 Nobel laureates. "It could bring risks, including large-scale job displacement, as well as opportunities such as major gains in living standards," the statement added. To address this impending disruption, the letter calls for governments and industry to create "incentives, guardrails, and institutions" that ensure AI is complementary to humans and beneficial to society. Anton Korinek, a University of Virginia professor who organised the initiative, stressed that the window for action is narrowing.