The Economics of AI

Strip away the mystique and ChatGPT is a next-word predictor with some randomness—the same trick as the spell-checker asking if you meant “dog.” Peter Klein on the economics of AI, minus the hype.

The Economics of AI

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Recent News

Fair Work Agency labour abuse inquiries rise 87 per cent in first quarter

Localis releases groundbreaking report on the positive impact of heritage on local economic growth

Barclays profit up 31% to £3.3bn as TUC demands 35% bank surcharge

Mocean Energy raises £5m to put AI data centres out to sea