AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Exploring the Economic Impact of Artificial Intelligence Revolution
Exploring AI as a consumption good, higher-order good, and a production capital tool, this chapter analyzes the impact of AI on consumer behavior, production structures, and the potential disruption of various professions. It also discusses AI's role in academia, research, and its categorization as a capital that enhances labor productivity.