A backlash against the intense hype surrounding Artificial Intelligence is emerging, with university graduates leading resistance due to fears of skill obsolescence. Experts caution that while AI will transform the economy, significant bottlenecks and risks will temper its productivity benefits and investor payoffs.

<p>With AI hype reaching fever pitch, a backlash has begun, with university graduates, in particular, resisting a technology that could quickly render their skills obsolete. They are not alone in challenging AI boosters’ bubbly narrative. While the technology will transform the economy and upend labor markets, important bottlenecks and major risks will limit its productivity benefits—and the payoff for investors.</p>