Recently, the Economics Society welcomed a fascinating presentation from Charles DCB and Dan C titled “Artificial Intelligence: Hype or Revolution?”

The session began by tackling a fundamental question: what exactly is artificial intelligence? From there, Charles and Dan examined why AI is such a significant development for economics, exploring its potential to drive productivity, transform industries, and influence long-term economic growth.

A key focus of the discussion was AI’s impact on labour markets. The presenters considered whether AI is likely to complement human workers or displace them, and what this could mean for wages, skills, and employment patterns in the years ahead. Pupils were encouraged to think critically about both the opportunities and challenges that widespread AI adoption may bring.

The group also reflected on recent developments in the technology sector, including the market reaction to Anthropic’s unveiling of Claude Cowork. The resulting sell-off in SaaS stocks prompted a discussion about investor expectations, technological disruption, and how quickly AI-driven tools could reshape the world of work.

The session concluded with a forward-looking discussion on whether AI represents short-term hype or a genuine economic revolution.