According to MIT economist Daron Acemoglu, the impact of artificial intelligence (AI) on the economy and job market may be overblown. Acemoglu argues that while AI has made significant advancements, it still lacks the general intelligence and flexibility of the human mind. He believes that AI’s impact will be limited to specific tasks and industries, rather than causing widespread job displacement. Acemoglu cautions against overinvesting in AI companies and technologies, as the hype surrounding AI may be inflating their valuations. He suggests that investors should be cautious and focus on companies with solid business models and revenue streams, rather than being swayed by the AI hype alone. Acemoglu’s perspective challenges the prevailing narrative of AI as a disruptive force that will revolutionize every industry and render human labor obsolete.