Economics of artificial intelligence

The economics of artificial intelligence studies the implications for economic growth and labor markets of increasingly powerful AI systems. The economics of AI also covers the study of short-term and long-term economic dynamics that affect the development of AI, including increased production of computing resources; the relationship between access to human capital and speed of AI research; and competition dynamics among AI firms. The field draws heavily from the study of technical change and innovation in economics, and their effect on economic growth and firm dynamics.

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