{"id":366307,"date":"2026-07-14T19:34:17","date_gmt":"2026-07-14T14:04:17","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=366307"},"modified":"2026-07-14T19:34:17","modified_gmt":"2026-07-14T14:04:17","slug":"we-must-act-now-on-ais-economic-impacts-says-economists-national","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/07\/14\/we-must-act-now-on-ais-economic-impacts-says-economists-national\/","title":{"rendered":"\u2018We must act now\u2019 on AI\u2019s economic impacts, says economists &#8211; National"},"content":{"rendered":"<p><\/p>\n<div id=\"article-byline\">\n<div class=\"c-byline__text\">\n<p>\n\t\t\t\t<span>By Staff<\/span><br \/>\n\t\t\t\t<span class=\"c-byline__source c-byline__source--noName\"><br \/>\n\t\t\t\t\t\t\t\t\t\tThe Associated Press<br \/>\n\t\t\t\t<\/span>\n\t\t\t<\/p>\n<div class=\"c-byline__datesWrapper\">\n<div class=\"c-byline__dates\">\n<p>\n\t\t\t\t\t<span>Posted July 14, 2026 9:32 am<\/span>\n\t\t\t\t\t\t\t\t\t<\/p>\n<p>\n\t\t\t\t<strong>1 min read<\/strong>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<div>\n<div class=\"l-article__details\" data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=03zxzk4qx#font-decrease\"><\/use>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=03zxzk4qx#font-increase\"><\/use>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<article class=\"l-article__text js-story-text\" aria-label=\"Article text\">\n<p>Tons of of economists say in an open letter that institutions \u201cmust act now\u201d to handle how artificial intelligence could transform the economy and will put many individuals out of labor.<\/p>\n<p>The statement released Monday was signed by top economists, together with computer scientists and a few executives at tech corporations including Anthropic, Google and OpenAI.<\/p>\n<p>\u201cAI may develop into radically more powerful over the following 10 years,\u201d says the letter organized by Stanford University\u2019s digital economy lab. \u201cThis might drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time-frame. It could bring risks, including large-scale job displacement, in addition to opportunities comparable to major gains in living standards.\u201d<\/p>\n<div class=\"l-article__part\" data-shortcode=\"related_videos\">\n<div class=\"l-inlineStories l-inlineStories--video\">\n<p>\n\t\t\t\t\t\t<span class=\"l-inlineStories__title\">Related Videos<\/span>\n\t\t\t\t\t<\/p>\n<section id=\"miniplayer-carousel\" class=\"l-videoCarousel l-videoCarousel--embed c-carousel\" data-video-carousel-play-inline=\"true\" data-video-carousel-init=\"false\" aria-label=\"Video carousel contains 5 videos.\">\n<div class=\"l-videoCarousel__inner\">\n<div class=\"l-videoCarousel__featured\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"true\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer\" data-displayinline-video-id=\"11960676\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/playlist\/11960676,11957640,11953627,11952429,11951185\/?poster=https%3A%2F%2Fi0.wp.com%2Fmedia.globalnews.ca%2Fvideostatic%2Fnews%2F1lvc3wuo73-33xgezsdkz%2F260709-HEATHER.jpg%3Fw%3D1200%26quality%3D70%26strip%3Dall#autoplay&#038;stickyiframe=miniplayer\" data-displayinline-playlist=\"11960676,11957640,11953627,11952429,11951185\" data-displayinline-sticky=\"true\" data-permutive-data=\"{\"content\":{\"name\":\"Why there's growing pushback against AI data centres\",\"type\":\"video\",\"sections\":[\"videos\",\"calgary\",\"edmonton\",\"lethbridge\",\"national\",\"canada\",\"tech\"],\"keywords\":[\"ai\",\"ai-data-centres\",\"alberta\",\"alberta-meta-data-centre\",\"artificial-intelligence\",\"canada-data-centres\",\"edmonton-meta-data-centre\",\"meta\",\"meta-ai-data-centre\",\"short-clip\",\"sturgeon-county\",\"sturgeon-county-meta-data-centre\",\"top-news\",\"u-s-data-centres\",\"global-national\"],\"iab\":{\"categories\":[\"Business and Industrial\",\"Science\/Computer Science\",\"Science\"],\"tags\":[\"Alberta\",\"Anthropic\",\"Artificial intelligence\",\"Canada\",\"Computer science\",\"Computer scientist\",\"Data center\",\"Digital economy\",\"Economist\",\"Economy\",\"Edmonton\",\"Industrial Revolution\",\"Meta Platforms\",\"Nobel Prize\",\"Open letter\",\"OpenAI\",\"Stanford University\",\"Technological unemployment\",\"Trajectory\",\"United States\",\"Universitu00e9 de Montru00e9al\",\"Yoshua Bengio\"]}}}\">\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img decoding=\"async\" class=\"c-video__image\" alt=\"Click to play video: 'Why there\u2019s growing pushback against AI data centres'\" width=\"640\" height=\"360\" src=\"https:\/\/i0.wp.com\/media.globalnews.ca\/videostatic\/news\/1lvc3wuo73-33xgezsdkz\/260709-HEATHER.jpg?w=1040&#038;quality=70&#038;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">1:58<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">Why there\u2019s growing pushback against AI data centres<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"l-videoCarousel__glide glide \">\n<div class=\"glide__arrows c-carousel__buttons l-videoCarousel__buttons\" data-glide-el=\"controls\">\n\t<button class=\"glide__arrow glide__arrow--left c-carousel__button c-carousel__prev l-videoCarousel__button l-videoCarousel__prev c-longform-gallery__prev\" data-glide-dir=\"<\"><\/p>\n<p>\t\t<span class=\"sr-only\">Previous Video<\/span><br \/>\n\t<\/button><br \/>\n\t<button class=\"glide__arrow glide__arrow--right c-carousel__button c-carousel__next l-videoCarousel__button l-videoCarousel__next c-longform-gallery__next\" data-glide-dir=\">&#8220;><\/p>\n<p>\t\t<span class=\"sr-only\">Next Video<\/span><br \/>\n\t<\/button><br \/>\n\t\t<button class=\"c-carousel__goto\" data-glide-dir=\"=0\" aria-hidden=\"true\" tabindex=\"-1\"><\/button>\n\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t\t<!-- video stream item --><\/p>\n<\/section><\/div>\n<\/p><\/div>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Economy<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<p>The letter, which has only 4 sentences, says leaders must \u201cconstruct the incentives, guardrails, and institutions needed to steer AI in a direction that enhances humans and advantages society.\u201d<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.\">\n\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get breaking National news<\/h2>\n<p>Get breaking Canada news delivered to your inbox because it happens so you will not miss a trending story.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>The Stanford lab says the letter has thus far been signed by greater than 200 economists and AI researchers, including 16 winners of a Nobel Prize.<\/p>\n<p>Computer scientist and AI pioneer Yoshua Bengio was among the many signatories and said in a separate statement that based on the trajectory of AI development, \u201cit is extremely plausible that AI will drastically transform our economies.\u201d<\/p>\n<p>\u201cWe should be intentional and make collective, democratic decisions, somewhat than letting market forces play out and risking leaving most residents behind,\u201d wrote Bengio, a professor on the University of Montreal.<\/p>\n<\/article>\n<div class=\"l-article__copyright\">\n<p>\n\t\t&#038;copy 2026 The Canadian Press\t<\/p>\n<\/div><\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Staff The Associated Press Posted July 14, 2026 9:32 am 1 min read Descrease article font size Increase article font size Tons of of economists say in an open letter that institutions \u201cmust act now\u201d to handle how artificial intelligence could transform the economy and will put many individuals out of labor. The statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":366308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[5283,825,8893,20313,8076,1903],"class_list":["post-366307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-act","tag-ais","tag-economic","tag-economists","tag-impacts","tag-national"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"By Staff The Associated Press Posted July 14, 2026 9:32 am 1 min read Descrease article font size Increase article font size Tons of of economists say in an open letter that institutions \u201cmust act now\u201d to handle how artificial intelligence could transform the economy and will put many individuals out of labor. 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