New research on the macroeconomic implications of advances in generative artificial intelligence (AI) concludes that the impact on GDP is likely to be modest. What’s more, according to the study by Daron Acemoglu of MIT prepared for the journal Economic Policy, there is no evidence that AI will reduce labour income inequality. Indeed, some groups, […]
The market for the most advanced models of generative artificial intelligence (AI) may become extremely concentrated, due to the high costs of computational resources and the vast quantities of data required for training. That is the one of the central findings of a new study by Anton Korinek and Jai Vipra, prepared for the journal […]
New analysis of data on US commuting zones over the past two decades indicates that those specialised in industries that experienced faster growth in adoption of artificial intelligence (AI) technologies have suffered a fall in employment relative to the local trend. The study by Alessandra Bonfiglioli, Rosario Crinò, Gino Gancia and Ioannis Papadakis, prepared for […]
Research by Joseph Harrington develops a new approach for uncovering economic evidence of an unlawful agreement between competing firms to adopt a third party’s pricing algorithm. The study, prepared for the journal Economic Policy, shows that if firms have an agreement, then the prices produced by the algorithm will be higher as more firms adopt […]
Some potential harms from artificial intelligence (AI), such as whether workers will be replaced, are all things that are hard to assess without real market deployment. In such circumstances, as Joshua Gans explains in a new study prepared for the journal Economic Policy, slowing the pace of AI research and implementation doesn’t make sense. His […]
Over the course of the 2010s, occupations that are potentially more exposed to technologies enabled by artificial intelligence (AI) increased their employment share in Europe. This was particularly the case for occupations with a relatively higher proportion of younger and skilled workers. These are the central findings of new research by Stefania Albanesi, António Dias […]
