Microsoft publishes Nobel economist's bearish AI forecast of just 1.5% GDP growth over a decade

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What happened
Microsoft published a bearish AI outlook from Nobel economist Daron Acemoglu. He predicts about 1.5 percent GDP growth over ten years and at most five percent of jobs replaced. Bigger models won't move the needle, he argues. What's missing are practical apps that change how work gets done.
Summary assembled by rule from the sources below