Daron Acemoglu, an MIT economist, emphasizes that the widespread concern over artificial intelligence (AI) taking over jobs is exaggerated, predicting that only about 5% of jobs will be significantly impacted by AI in the next decade. While acknowledging AI's potential, he warns that the current investment frenzy, with major corporations pouring over $50 billion into AI in just one quarter, may lead to significant financial losses. Acemoglu cautions that many companies could waste their investments expecting AI to revolutionize productivity, which he deems unlikely given the technology's current limitations. Additionally, a recent survey indicates that 43% of Americans fear job losses due to generative AI, though only 10% believe their specific jobs are at risk. The entertainment industry may face the most immediate effects as professionals express concern about being replaced by AI. Ultimately, Acemoglu suggests that the hype surrounding AI could result in an eventual market downturn, referred to as 'AI winter'.