According to Axios and NBC News, more than 200 economists and AI researchers, including 16 Nobel laureates, signed "We Must Act Now," a statement organized by Stanford's Digital Economy Lab warning that policymakers must prepare for AI's economic impact. Released July 13 and now approaching 2,000 signatories, it argues that increasingly capable AI could transform the economy on a scale larger than the Industrial Revolution but over a far shorter timeframe, bringing risks like large-scale job displacement alongside potential gains in living standards. Signatories include Nobel laureates Joseph Stiglitz, Daron Acemoglu and Simon Johnson, plus LinkedIn co-founder Reid Hoffman. The group calls for deeper research and new policies to ensure AI complements rather than replaces human workers. It's a notable show of consensus among economists often divided on technology's effects.