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Genius Exec Says There Are Only Two Possibilities for AI: It'll Collapse the Economy, or Make Everyone's Job Obsolete

November 4, 2020 | Futurism AI
Genius Exec Says There Are Only Two Possibilities for AI: It'll Collapse the Economy, or Make Everyone's Job Obsolete
Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images The amount of money being spent on artificial intelligence is astronomical. Investors have lavished the top tech companies and startups alike with hundreds of billions of dollars — so much so, in fact, that an estimated 92 percent of US GDP growth now comes from AI. If trends continue in 2026, conservative estimates peg the spending from just the “largest technology firms” at $550 billion