New Delhi, July 19 -- Renowned economist Nouriel Roubini, who gained the nickname "Dr. Doom" after accurately warning about the 2008 global financial crisis, is taking a notably optimistic stance on artificial intelligence despite widespread fears about its disruptive impact.

Speaking in an interview with Bloomberg TV on Friday, Roubini discussed the future of Social Security, whose trust fund is projected to run short of money by 2032. He argued that simply increasing the retirement age will not solve the problem because AI and robotics are likely to replace a significant share of the workforce over the next two to three decades.

According to Roubini, the rapid adoption of AI will fundamentally reshape labor markets, making traditional...