CAMBRIDGE: As global economic growth slows, many hope technological innovation is a potential solution. The International Monetary Fund’s latest World Economic Outlook, for example, highlighted the potential of artificial intelligence to...
CAMBRIDGE : Despite the rapid proliferation of artificial-intelligence chatbots and virtual assistants, finding an answer to a question that a company’s software is not programmed to address can be frustrating. Searching through countless...
CAMBRIDGE: Ever since OpenAI released its ChatGPT chatbot last year, a growing number of analysts have been predicting that generative artificial intelligence will displace millions of workers and cause widespread economic upheaval. But how exactly...
CAMBRIDGE :ChatGPT, the new artificial intelligence chatbot developed by the San Francisco-based research laboratory OpenAI, has taken the world by storm. Already hailed as a milestone in the evolution of so-called large language models (LLMs), the...
CAMBRIDGE: The world’s advanced economies are in the midst of dual structural transformations that will change every aspect of our lives, from how we work and do business to how we regulate markets. The most notable of these transformations...
CAMBRIDGE: Ask any economist whether competition is always a good thing, and the answer will be a resounding yes. After all, competition powers what the late William Baumol termed the “innovation machine” of the modern market economy....
CAMBRIDGE: The recent publication of the UK government’s 'Leveling Up' White Paper is a significant event. This is not because its bold promise to “level up” the poorer parts of the United Kingdom might deflect attention...
CAMBRIDGE: How should we measure economic success? Criticisms of conventional indicators, particularly gross domestic product (GDP), have abounded for years, if not decades. Environmentalists have long pointed out that GDP omits the depletion of...
CAMBRIDGE – In his elegiac memoir The World of Yesterday, which he wrote while in exile from the Nazis, the Austrian writer Stefan Zweig observed that most people cannot comprehend the prospect of catastrophic changes in their situation....
