Raghuram Rajan Issues Cautionary Stance on Global AI Investment Mania
The Risks of Unbridled AI Enthusiasm Former Reserve Bank of India (RBI) Governor Raghuram Rajan warned this week that the current global fervor surrounding artificial intelligence may be detached from economic reality. Speaking to industry analysts, Rajan cautioned that while AI holds transformative potential for the labor market, the prevailing expectation of immediate, outsized corporate…