Economics of AI

We extend Eloundou et al. (2024) to build firm-level measures of exposure to large language models (LLMs) with data from two sources...

Governments are starting to impose requirements on AI models based on how much compute was used to train them. For example, the EU AI Act imposes...

According to one survey, about half of Americans think that the increased use of AI will lead to greater income inequality and a more polarized society. Roughly two thirds...

We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can...

This Brookings Working Paper analyses the structure of the market for foundation models, and examines the implications for competition policy and regulation.

This Brookings working paper presents an analysis of how institutions could be set up to prepare for a scenario of increasingly smart autonomous machines which could replace human labor and...