Category: Economic Issues
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In a 1963 lecture at Harvard, Clark Kerr coined the term multiversity to describe what the American research university had become in postwar America. At the time, Kerr was President of the University of California Board of Regents. “In Kerr’s account, the modern university was no longer to be understood as a community of scholars…
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For the past few years, one of the biggest questions surrounding AI agents has been whether they could actually perform useful enterprise work. That question has been increasingly answered. They can. The more difficult questions have now shifted from technical capability to organizational deployment. Can enterprises trust agents to act on their behalf? How should…
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“As organizations push to accelerate AI adoption, many leaders are considering a simple idea: Stop treating AI as a tool and start treating it as an employee,” said a recent Harvard Business Review article, “Why You Shouldn’t Treat AI Agents Like Employees.” The HBR article was co-authored by Boston University professor Emma Wiles along with…
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Hundreds of millions of people are now regularly interacting with systems that can write, analyze, advise, code, and increasingly act on their behalf. Never before have so many people had immediate access to such a powerful intellectual tool. But as AI becomes increasingly ubiquitous, a more fundamental question is emerging: What are we asking AI…
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Will AI eventually replace software developers? Over the past few years, predictions have ranged from “The End of Programming,” which argued that “The end of classical computer science is coming, and most of us are dinosaurs waiting for the meteor to hit,” to claims that “ChatGPT Will Replace Programmers Within 10 Years.” But something more interesting…
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On August 11, MIT Nobel laureate economist Daron Acemoglu published his latest book, What Happened to Liberal Democracy?: Remaking a Politics of Shared Prosperity. For much of the second half of the 20th century, liberal democracy appeared to be remarkably successful. Economic growth raised living standards across broad segments of society, technological advances created new…
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Artificial intelligence is rapidly spreading across the enterprise. Employees are using AI tools to improve their productivity, companies are launching pilots across a growing number of business functions, and executives are investing heavily in AI initiatives. Yet for most organizations, a major gap remains between experimenting with AI and making it a core operational capability.…
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Artificial intelligence is often discussed in terms of faster economic growth, higher productivity, and greater corporate profits. But those are not the only outcomes that matter. Another very important question is whether AI will actually improve human welfare by broadening opportunity, strengthening institutions, and raising living standards across society. That question is at the heart…
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When I began writing a weekly blog in May of 2005, I expected that artificial intelligence would someday become one of the subjects I would write about. I didn’t expect that AI would eventually become my editor. Writing each weekly post takes many hours. Before I write a single sentence, I spend considerable time thinking…
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“The launch of ChatGPT in 2022 ignited the artificial-intelligence boom — and elicited a chorus of warnings from AI bosses of an impending jobs apocalypse,” said The Economist in “Prepare for an AI jobs apocalypse,” the lead article in its May 16 issue. “Never mind that they have reason to talk up the disruptiveness of…
