My subject today, is the transformative economic impact of the revolution in artificial intelligence, in which we find ourselves in the early stages. GenAI is generated a huge amount of interests globally, and an equally larg...
A Review and a Proposal About Socio-economic Impacts of Artificial IntelligenceThere is a high potential for artificial intelligence (AI) to become the enabling technology of the new socio-economical paradigm. The huge amount of academic literature produced in the last few years leaves little room ...
Nicholas Crafts, “Artificial intelligence as a general-purpose technology: an historical perspective,” 2021. Erik Brynjolfsson, Daniel Rock, et al, “Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics,” November 2017. Erik Brynjolfsson, Daniel Rock, e...
While we may gain a lot of benefits from AI, we must work out plans to offset its negative impacts on society, especially on workers.AI can raise productivity and expand GDP, but it can also render non-adaptive workers jobless. In India, some technology personnel have already felt the ...
The answer would be, a period of very high, sustained productivity growth, and the most powerful tools we have to engineer that are very prominently in the area of the current and future generations of artificial intelligence. The question is, are we going to take advantage of this? A numb...
more than two-thirds of the overall gender earnings gap can be accounted for by the differential impacts of children on women and men. We propose a simple model of household decision-making to motivate the link between children ...
Core to our mission of ensuring that artificial general intelligence benefits all of humanity is understanding the economic impacts that our models will have or are having on individuals and society as a whole. Developing tools to rigorously measure the economic impacts of our models is essential to...
Wang Jinxia, deputy director of the Qianhai Authority, said local authorities focused on fostering an industrial cluster for artificial intelligence, intellectual property protection, strengthening financing support and building large platforms for industrial development. Today, there are around 55,000 tech ...
Generative artificial intelligence (AI) has the potential to revolutionize research. I analyze how large language models (LLMs) such as ChatGPT can assist economists by describing dozens of use cases in six areas: ideation and feedback, writing, background research, data analysis, coding, and ma...
losses and downward wage pressures as Gen AI automates certain tasks. However, if the economy-wide productivity effects are strong enough, it could spur overall labor demand. The distributional impacts will depend on whether Gen AI primarily substitutes for or complements different types of workers....