Economics

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Exploring the societal impacts of AI

At the recent AI and Society Forum at MIT, experts from across the Institute discussed the potential benefits and dangers of technological innovation on labor, the nature of work, civil discourse, election administration, and other topics.The event featured individual research presentations and panel discussions, as well as a musical performance exploring the use of generative artificial intelligence […]

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‘Happiness is not just about GDP’: ambitious plan or utopia?

Some will question its credibility. But the alternative future to the one imagined in the World Justice Report is far more bleak• Academics set out sweeping vision for planetary survivalIn our increasingly dystopian world, who wouldn’t want to at least be open to a utopian antidote? The World Justice Report, published on Thursday, outlines how

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Will the AI economy create a permanent underclass?

From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to deal with the tech’s falloutThe San Francisco Bay Area is in the midst of an AI frenzy that makes the California gold rush of the mid-19th century look like a scavenger

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Alphabet to raise $80bn from share sales to fund AI spending splurge – business live

Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.The economics of the AI boom are back in focus today, after Google’s parent company Alphabet said it plans to raise up to $80bn in equity to fund its vast AI

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Tony Blair is strong on diagnosis, deluded on prescription: Britain’s ills can’t be fixed by him | Larry Elliott

The former PM’s essay rightly calls for a coherent economic plan, but then sets too much store by AI – and a worldview stuck in the pastTony Blair is right. Labour has made some big and avoidable mistakes since it came to power nearly two years ago. Keir Starmer had a strategy for winning the

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Technology usually creates jobs for young, skilled workers. Will AI do the same?

At any given time, technology does two things to employment: It replaces traditional jobs, and it creates new lines of work. Machines replace farmers, but enable, say, aeronautical engineers to exist. So, if tech creates new jobs, who gets them? How well do they pay? How long do new jobs remain new, before they become

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Tech founders use AI-generated images to poke fun at Anthony Albanese in protest against tax changes

‘He’s having a great time with his new 47% equity,’ one entrepreneur jokes, warning that some startups may leave Australia behindGet our breaking news email, free app or daily news podcastTech entrepreneurs have mocked the government’s capital gains tax changes by posting AI-generated photos of Anthony Albanese as their “new founder” and warning that increased

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Two from MIT named 2026 Knight-Hennessy Scholars

MIT master’s student Sunshine Jiang ’25 and Rupert Li ’24 are recipients of this year’s Knight-Hennessy Scholarship. Now in its ninth year, the highly competitive scholarship provides up to three years of financial support for graduate studies at Stanford University. Sunshine Jiang  ’25Sunshine Jiang, from Hangzhou, China, graduated from MIT in 2025 with a bachelor’s degree

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Oil at three-week high as US-Iran peace talks stall; China blocks Meta’s takeover of AI agent Manus – business live

Rolling coverage of the latest economic and financial newsShares in athletic apparel and footwear company Adidas have jumped by almost 1.75% in early trading after three of its athletes shone at the London Marathon yesterday.Sabastian Sawe and Yomif Kejelcha both smashed the two-hour barrier in the men’s marathon race, and Tigist Assefa set a women-only

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‘I don’t want to waste the gas’: Uber and Lyft drivers reeling as fuel prices soar

Drivers face dilemma of driving more or cutting back – and support from ride-share giants decried as ‘slap in the face’Drivers for Uber and Lyft across the US are spending hundreds more dollars on fuel each month after the US-Israel war on Iran triggered a sharp rise in oil prices.Support offered by the ride-hailing companies

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