Trio win Nobel economics prize for work on innovation, growth and creative destruction
October 2025 21 views 2MIN 21SECThe human race faces two of the greatest challenges that it has ever faced, and these things have no real precedent, so history is not a very good guide here. But it's something that we have to face and we have to think about with the tools that history provides us, even if history itself doesn't give you an answer - and those are climate change and demographic change. And they're very different in their nature and they're very different in their solutions, but given that, the only way in which we can cope with these crises is inventing ourselves out of it. And I strongly urge the world to keep putting efforts and money and resources and incentives to the people who are trying to invent us out of these two crises. And I think if we achieve that, I think technology will have fulfilled its role." "It's a tool. The notion that somehow AI is this monstrosity that lurks somewhere beneath us and then eventually comes and drives the human race into extinction and takes over the planet - I mean, these people have read too much dystopian science fiction - nothing of the sort is ever going to happen." "AI is an information aggregator and it knows what we feed it and it has access, at very high speeds, it can process it in ways that we tell it to do. But the notion that they have human intelligence that includes initiative and intuition and ambition and things like that seems to be really fanciful. And that's not, I think, what's on the near horizon. I mean, who knows what's going to happen 50 years from now. But at the moment, I see AI primarily as a magnificent research assistant."
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