Stanford Computational Antitrust
Episode 25: Erik Brynjolfsson on Developing New Measures of Market and Tech Dynamism
May 16, 2024
Erik Brynjolfsson from Stanford University discusses measuring market dynamism, the digital economy, and AI dynamics. They explore AI's impact on regulations, the value of digital goods, innovations in AI, tech competition dynamics, and intangible assets in the economy.
45:43
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Quick takeaways
- Shift in government attitude towards regulating technology was triggered by Chat GPT's introduction, leading to increased interest and urgency in understanding and regulating technology effectively.
- Transition towards data-driven decision making is on the rise in businesses and government agencies, facilitated by advancements in technology and availability of digital data for informed decision-making.
Deep dives
The Impact of Chat GPT on Government Attitudes and Policies
After the introduction of Chat GPT, there was a notable shift in government attitudes towards AI and technology. Previously, there was limited interest in these topics, but following Chat GPT's introduction, there was a significant increase in interest from government officials, with a newfound eagerness to understand and regulate technology more effectively. The shift was marked by a sense of urgency, with officials actively seeking advice on policy matters, intellectual property concerns, and the practical applications of AI in various sectors.
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