Singaporean economist cautions AI may increase inequality, as Anthropic calls for global AI pause
Source: The Independent
Published on: 2026-06-07 09:54
SINGAPORE: Singaporean economist and academic Donald Low has expressed growing scepticism about the long-term benefits of artificial intelligence, warning that discussions about the technology have focused too heavily on its economic upside while overlooking a range of high costs and risks. Prof Low formerly served as the associate dean at the Lee Kuan Yew School of Public Policy. He now teaches at the Hong Kong University of Science and Technology In a Facebook post published on Friday (June 5), Prof Low argued that economists have largely concentrated on the macroeconomic implications of the AI revolution, particularly the potential productivity gains and disruptions to labour markets. However, he said the technology's microeconomic effects deserve far more scrutiny. Among the concerns he highlighted were the environmental costs associated with AI development. Prof Low noted that in...
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