business
Hundreds of economists say ‘we must act now' on AI's economic impact and job displacement risks
By The Associated Press at NBC 5 Dallas-Fort Worth (KXAS) - Top Stories
· July 13, 2026
· 2 min read
Hundreds of economists say in an open letter that institutions “must act now” to address how artificial intelligence could transform the economy and could put many people out of work.
The statement released Monday was signed by top economists, along with computer scientists and some executives...
Key takeaway “AI may become radically more powerful over the next 10 years,” says the letter organized by Stanford University’s digital economy lab.
Why this matters in Frisco News
The warning from hundreds of economists about the potential economic impact of artificial intelligence has significant implications for Frisco , given its growing reputation as a hub for tech companies and data centers. As the city continues to attract businesses in the AI sector, including major players like Google, it's crucial for local leaders to consider the potential risks of job displacement and the need for intentional planning to ensure that the benefits of AI are shared by the community. The call for "incentives, guardrails, and institutions" to steer AI in a direction that complements humans and benefits society is particularly relevant in a city like Frisco, where rapid growth and development are already putting pressure on local infrastructure and workforce. By taking a proactive approach to addressing the challenges and opportunities presented by AI, Frisco can help mitigate the risks and ensure that its residents are well-positioned to thrive in an increasingly automated economy.
About this story
Original reporting by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories . Frisco News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit NBC 5 Dallas-Fort Worth (KXAS) - Top Stories . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 13, 2026 ·
Source: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Hundreds of economists say in an open letter that institutions “must act now” to address how artificial intelligence could transform the economy and could put many people out of work.
The statement released Monday was signed by top economists, along with computer scientists and some executives...
When was this published? This article was first published on July 13, 2026 by NBC 5 Dallas-Fort Worth (KXAS) - Top Stories and curated for Frisco News readers.
Who reported this story? This story was reported by The Associated Press at NBC 5 Dallas-Fort Worth (KXAS) - Top Stories. To learn more about how Frisco News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Frisco News, or browse our daily briefing and topic hubs .
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