Don't expect ChatGPT to transform the US economy in the next decade, Nobel laureate Paul Krugman says

• Artificial intelligence likely won't transform the US economy in the next decade, Paul Krugman said.
• "ChatGPT and whatever follows are probably an economic story for the 2030s," he said in a NYT op-ed.
• Krugman has noted ChatGPT could boost labor productivity by doing some jobs better than humans.

ChatGPT and its successors are unlikely to transform the US economy within the next decade, Nobel laureate Paul Krugman says.

"Large language models in their current form shouldn't affect economic projections for next year and probably shouldn't have a large effect on economic projections for the next decade," the veteran economist said in a New York Times op-ed published on Friday.