HomeNewsOpinionAdam Smith and the distortionary impact of Artificial Intelligence

Adam Smith and the distortionary impact of Artificial Intelligence

Vivek Y Kelkar • June 12, 2023 / 08:50 IST

IMF Deputy MD Gita Gopinath has pointed out how AI will upend the seminal work of Adam Smith and completely change labour markets and the economy

With self-learning AI and progressive task displacement, value itself in the traditional sense becomes misleading as human labour becomes irrelevant.

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