Nobel Prize-winning economist Daron Acemoglu told Newsmax on Tuesday that artificial intelligence might have a path to profitability but warned it is an increasingly unlikely one given the staggering capital required to build and maintain the infrastructure behind the technology.
Acemoglu, a professor at the Massachusetts Institute of Technology, told “Carl Higbie FRONTLINE” that companies pouring money into AI are betting on productivity gains that have yet to materialize at scale.
“You’re right. The numbers are astronomical,” Acemoglu said, responding to discussion about AI data centers that can cost tens of billions of dollars each.
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