Nobel Laureate Michael Spence on AI Risks

Cautious Optimism and Reservations: Nobel Laureate **Michael Spence** Discusses AI

**Michael Spence**, Nobel Laureate in Economics, expressed cautious optimism about the impact of **Artificial Intelligence** (AI) on job markets. He believes that if **Indian entrepreneurs and technologists** are given access to powerful AI tools, they will use them to tackle different problems rather than mass automation. Spence, who recently spoke at a public lecture series titled “Artificial Intelligence in the Age of Uncertainty” at the Bangalore International Centre, acknowledged that he cannot prove his theory but remains hopeful.