Harris: ‘Deeply Uncomfortable’ With US Taking OpenAI Stake

Ben Harris, Vice President and Director of Economic Studies at the Brookings Institution, says Washington should “temper the optimism” that AI can solve the federal deficit, warning any productivity gains may be offset by higher spending on Medicare, Social Security, and benefits programs. Harris also says he is “deeply uncomfortable” with the government taking equity stakes in major AI companies and sees warning signs in labor-force participation and household delinquencies. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.” (Source: Bloomberg)