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International Business Times

Business

Nobel Economist Warns Of AI Dangers

Peter Howitt Philippe Aghion Economics Nobel Prize Artificial Intelligence

Nobel economics prize winner Peter Howitt says AI promises huge potential but could destroy large numbers of jobs (Credit: AFP)

A winner of this year's Nobel prize in economics warned Monday that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential.

The remarks from Canadian Peter Howitt, professor emeritus at Brown University in the United States, came amid growing concerns about how AI will impact society and the labor market.

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