Nobel laureates and economists call for urgent AI policy action

More than 200 leading economists and AI researchers, including 15 Nobel Prize winners, have signed a joint declaration urging governments and technology leaders to create policies and institutions to manage the economic impact of artificial intelligence. The statement warns that AI could trigger a transformation larger than the Industrial Revolution within a dramatically shorter time frame, raising risks of massive job displacement while also offering potential gains in living standards. Signatories such as Michael Spence, Daron Acemoglu, Joseph Stiglitz, Jeff Dean of Google DeepMind and Sarah Friar of OpenAI argue that immediate action is needed to set incentives, safeguards and regulatory frameworks before the technology outpaces societal adaptation. The manifesto calls for coordinated research, monitoring of AI’s effects on labor markets, and the establishment of bodies that can guide AI development toward broad societal benefit rather than concentrated wealth.