Artificial Intelligence and the Economy of the Future

The New Bazaar | 20 December 2022 | 1h 08m | Listen Later | Podcasts | Spotify
Interview with Avi Goldfarb about his book Power and Prediction: The Disruptive Economics of Artificial Intelligence, co-authored with Ajay Agrawal and Joshua Gans. Discusses why AI is best understood as a “prediction technology”; examples of AI already in use; which parts of the economy could be transformed by AI, and how; historical analogies to previous eras of widespread technological disruption; how AI will change the way people and companies make decisions; why this change will shift institutions away from blunt rules and towards individual discretion; who will gain and who will lose in the labour market from the adoption of AI; and what the use of AI might teach us about what it means to be human.

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