00:00It's Benzinga, bringing Wall Street to Main Street.
00:02More than 200 economists and artificial intelligence researchers
00:05warned that institutions must act now to prepare for AI's potential impact on the economy
00:10and employment, according to the Associated Press.
00:14The open letter, organized by Stanford University's Digital Economy Lab,
00:18said AI could become radically more powerful over the next decade
00:22and drive an economic transformation larger and faster than the Industrial Revolution.
00:26Signatories included 16 Nobel Prize winners and employees from Anthropic, Google, and OpenAI.
00:32The letter called for incentives, guardrails, and institutions that steer AI
00:37toward complementing workers and benefiting society.
00:40AI pioneer Yoshua Bengio said governments should make deliberate, democratic choices
00:46rather than allow market forces to determine the outcome and risk leaving citizens behind.
00:51For all things money, visit Benzinga.com.
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