Murray played in several semi-successful prog-rock and jazz fusion bands during the late 1960s and early 70s.
But the note cautioned against treating AI as an “immediate fiscal windfall.” Before productivity fully kicks in, governments face upfront costs that could strain budgets already burdened by post-pandemic debt. Government spending explicitly earmarked for AI remains modest—often only a fraction of a percent of GDP—but a sea of hidden costs could make the transition much more difficult for budgets to handle.
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To: Sergey Brin, Founder and Board Member, Google