WASHINGTON: A winner of this year's Nobel prize in economics warned on Monday (Oct 13) that artificial intelligence offers "amazing possibilities" but should be regulated because of its job-destroying potential. The remarks from Canadian Peter Howitt, professor emeritus at Brown University in the United States, came amid growing concerns about how AI will impact society and the labour market. California Governor Gavin Newsom on Monday signed a first-of-its-kind law regulating interactions with