
Researchers and financial experts are analyzing the vast economic uncertainties surrounding the massive investments currently flowing into artificial intelligence technologies. Economists are attempting to evaluate how these unprecedented capital expenditures will ultimately translate into tangible productivity and financial returns.
When Jessica Wachter, a finance professor at the University of Pennsylvania’s Wharton School, wanted to assess AI’s impact on the economy over the next few years, she faced a long list of business and technical uncertainties. So she started with what she calls a “remarkable fact” that is not in question: A handful of so-called…
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