Nobel Laureate MIT Scientist Daron Acemoglu Trashes ‘AI Will Steal All Jobs’ Buzz: ‘Don’t Believe The Hype’
Amid all the thousands of AI-fueled layoffs across silicon valley giants and speculations of most jobs being obliterated by artificial intelligence within the decade, there are few voices of skepticism from academia that refute industry leaders and domain experts. One of those voices that refuses to join the choir of AI tech bros is Nobel Laureate in Economic Science (2024) and MIT scientist Daron Acemoglu.
In his recent interview, the Turkish-American economist quipped, “I don’t expect any occupation that we have today to have been eliminated in five or 10 years’ time.”
He added, “If you are an AGI believer… you must have in your mind a list of occupations that will completely disappear.”
He further remarked,
“Don’t be taken by the hype. I think the hype is an enemy of business success. Instead, think where my most important resource, which is your human resource, can be better deployed.”
His 2024 paper written with several other scholars, entitled “The Impact of Generative Artificial Intelligence on Socioeconomic Inequalities and Policy Making,” states how AI will “both exacerbate and ameliorate the existing socioeconomic inequalities.”
Speaking with the BBC, on the entities who share the largest piece of the AI pie in the market, the professor warned
Who controls powerful AI even before AGI could be a dictator.”
Don’t Believe the AI Hype by Daron Acemoglu – Project Syndicate
Summary of my new paper on macroeconomics of AI https://t.co/BYSV8GkEiv
— Daron Acemoglu (@DAcemogluMIT) May 26, 2024
Rethinking the AI boom, with Daron Acemoğlu https://t.co/aMAO3UkoeE
— Daron Acemoglu (@DAcemogluMIT) September 2, 2024
A new issue of Prospect has hit the newsstands! Here’s a preview of what you can find inside.
First up, Nobel-winning economist Daron Acemoglu reveals what tech bros won’t say about AI—we can shape it: https://t.co/oLAtcDOEBD
1/7 🧵 pic.twitter.com/rtFyIJkgoU
— Prospect (@prospect_uk) June 11, 2025
Many people believe that AI advances will dramatically increase inequality.
In a paper with two Nobel laureates, Daron Acemoglu and Simon Johnson, plus 30 multidisciplinary experts, we argue that it’s more complex than a simple “rich-get-richer” story.
For example, we coined… pic.twitter.com/JTV5Fn62V2
— Valerio Capraro (@ValerioCapraro) October 14, 2024
“If you have a very powerful AI model that influences a great majority’s choices, that is a dictatorial position.”@faisalislam speaks to 2024 Nobel Prize winning economist Daron Acemoglu, who warns AI bosses “could be a dictator” while at the global Artificial Intelligence… pic.twitter.com/hyVH1L8OyM
— BBC Newsnight (@BBCNewsnight) February 12, 2025
WATCH: “Whoever controls powerful AI… could be a dictator”@faisalislam speaks to Nobel Prize winning Turkish-American economist Daron Acemoglu, who warns about the dangers of AI dictators and the impact powerful AI could have on global democracy. #Newsnight… pic.twitter.com/Frcn2Y9MXT
— BBC Newsnight (@BBCNewsnight) February 11, 2025
