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The Indicator from Planet Money

Is AI overrated?

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 25 July 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Are the promises made by AI boosters mostly hype, or are we actually underappreciating the transformative potential of AI?

This week, The Indicator hosts a two-part debate on the hype around generative AI. Today, the second episode: Despite the tech world's love affair with the technology, is AI overrated?

Related episodes:
Is AI underrated? (Apple / Spotify)

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Transcript

Click on a timestamp to play from that location

0:00.0

NPR. This is the indicator from Planet Money. I'm Greg Rizzolski.

0:14.8

And I'm Darren Woods. Yesterday you heard me make the case for why AI is actually

0:20.0

underrated. Well, today in the show, I'm going to be arguing the opposite. Why AI is overrated.

0:26.4

I can't wait.

0:27.4

Darian, there are just so many reasons to believe AI is overrated. I could talk about the fact that productivity growth

0:35.5

remains super disappointing. If AI were revolutionizing the economy, we would see it in the data,

0:41.5

we're not seeing it.

0:42.7

I could talk about the fact that AI companies have yet to find a killer app

0:46.4

and that perhaps the biggest application of AI could be like scams,

0:50.7

misinformation, and threatening democracy.

0:53.6

I could talk about the ungodly amount of electricity it takes to power AI,

0:58.4

and how it's raising serious concerns about its contribution to climate change. But alas, I will hold off on those

1:04.6

Darien. Very disciplined. Instead, I will focus on just three reasons why AI is

1:10.6

overrated and I will be enlisting the help of an economist

1:14.2

extraordinary B1, the only MIT economist Jerome Asamoglo. That's coming up

1:20.6

after the break.

1:21.4

Support for this podcast and the following message come from Wise,

1:26.0

the app that makes managing your money in different currencies easy.

1:30.0

With Wise, you can send and spend money internationally at the mid-market exchange rate.

1:35.7

No guesswork and no hidden fees.

1:38.0

Learn more about how WISE could work for you at WISE.com. This message comes from NPR sponsor Morgan Stanley with

1:45.8

their podcast What Should I Do with my money? Smart people don't always feel smart

...

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