If the US AI bubble bursts, Ireland stands to suffer more than most, the ESRI says, given the presence of some any of the big players in this State... Eoin Burke-Kennedy reports ... What theVenetian empire tells us about innovation today ... .
In a new forecast, the ESRI said that the economy was growing robustly but said it expected employment would grow at a slightly slower pace with unemployment rising slightly from 4.8% this year to 5.2% in 2026.
Ireland would suffer more severe consequences than other countries if the so-called AI (artificial intelligence) bubble in the US were to burst, the Economic and Social Research Institute (ESRI) has warned.
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Let me begin by thanking the Chair for the invitation to the ESRI to appear before the Committee and for the opportunity to discuss ESRI work comparing the economies of Ireland and Northern Ireland.
The ESRI says its Economic Outlook is not an economic forecast but is a projection before the effects of any shocks to the economy are taken into account ...Director of the ESRI MartinaLawless said ... .