Day: February 24, 2026

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Ignore the AI Hysteria – WSJ

Ignore the AI Hysteria – WSJ

Reality will be a third scenario: paced obsolescence and growth. Productivity is always positive for society, but it doesn’t change things overnight. Like the concept of creative destruction introduced by Joseph Schumpeter, new technology starts at the high end, where it is economically feasible (AI for coding and customer service today) and then works its way down over decades, seeping into the economy sector by sector. But this time it’s different, we hear. Yeah, right