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Economists and AI leaders call for guardrails as AI's impact accelerates

A rare coalition says policymakers must prepare for changes that could unfold faster than previous industrial revolutions.

Participants listen to a talk at The AI for Good Global Summit 2026, led by ITU, in Geneva on July 7, 2026.
Participants listen to a talk at The AI for Good Global Summit 2026, led by ITU, in Geneva on July 7, 2026. (AN)

GENEVA (AN) — Days after governments, technology companies and international organizations gathered in Geneva to debate the future of artificial intelligence, a coalition of nearly 200 economists, researchers and technology leaders issued an unusual warning: institutions may not be prepared for the economic disruption AI could bring.

The statement, released on Monday under the title We Must Act Now, argues that artificial intelligence could become dramatically more powerful over the next decade, potentially driving economic changes larger than the Industrial Revolution but unfolding over a much shorter period.

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