Few think that the world’s next trillion-dollar tech company will be European. But, perhaps for the first time, that does not seem a silly idea econ.st/3PlThCL
Illustration: Tyler Comrie
Few think that the world’s next trillion-dollar tech company will be European. But, perhaps for the first time, that does not seem a silly idea econ.st/3PlThCL
Illustration: Tyler Comrie
New Acemoglu et al. NBER paper: agentic #AI helps individual decisions but erodes the collective knowledge they depend on. A key policy takeaway, in my view: invest in public knowledge infrastructure and the people who maintain it.
Link to full paper: www.nber.org/papers/w34910
Künstliche Intelligenz beschleunigt den Informationskrieg. Anthropic verliert und triumphiert zugleich. Und: Meta-Brille gibt intime Aufnahmen weiter. Der KI-Newsletter
The reality of chatbot-induced delusions ft.trib.al/0ClrvCd | opinion
Special Seminar. Can Economic Policy Make Life More Affordable? Jared Bernstein, former chair, Biden administration’s Council of Economic Advisers Discussants: Jesse Rothstein (Public Policy, Economics) and Laura Tyson (Haas) Moderated by Michael Reich (CWED). Wednesday, March 11 4:00–5:30 PM IRLE Conference Room 2521 Channing Way irle.berkeley.edu/events. Numerous polls show widespread dissatisfaction with the U.S. economy and, by extension, with both major political parties. In response, Democrats and Republicans are advancing competing approaches to make the economy more affordable. Can either approach succeed?
Can economic policy make life more affordable?
Join us next Wednesday for a special seminar with @jaredb-econ.bsky.social, @lauradtyson.bsky.social, @jrothst.bsky.social and Michael Reich.
Event details: irle.berkeley.edu/event/can-ec...
What do we know about AI’s impact on the labor market? On March 10, Peter Orszag, @jedkolko.bsky.social, @marthagimbel.bsky.social, Bharat Chandar, and @bencasselman.bsky.social will dive into the data and what we know:
Screenshot of quoted post from @incprodmon
This is making the simple obvious point that some tasks are Leontief. As I keep saying: we all become validators/arbitrators providing such services. But: task expansion happens, firm boundaries evolve, expect an SME revolution -- more diversity, more "brands", more variety.
Context:
This is an excellent piece discussing AI's impact on biorisk, offering a great distillation of key topics. Definitely worth a read!
(And I'm not surprised it's great, given that @csetgeorgetown.bsky.social's own @stephbatalis.bsky.social is quoted!)
www.transformernews.ai/p/ai-biorisk...
India has long provided a work force to do office tasks more cheaply than in the U.S. or Europe. Now, A.I. threatens to do to India what its outsourcing model did to the rest of the world: replace hundreds of thousands of office workers. The country is racing to adapt before it’s too late.
Daron @DAcemogluMIT uses his language and authority to weigh in pointing out to the possibility of a breakdown of knowledge transmission and the reduction of the stock of skill as consequence of AI. In some societies, this has already happened in the world of "physical skills"...
A report that described what would happen if A.I. upends white-collar work and the U.S. economy — saying well-paid professionals would be forced to become Uber drivers and miss mortgage payments — was cited as one factor fueling a decline in the S&P 500 on Monday.
What is the current state of U.S. AI training efforts? What can policymakers and educators do to make them better?
Join us on March 10 to explore answers to these questions and more at our 2026 Spring Symposium featuring @bluntrochester.senate.gov!
cset.georgetown.edu/event/future...
The Economics for Inclusive Prosperity podcast series continues with Max Kasy, on how democracies can rescue AI from tech titans. inclusive-prosperity.simplecast.com
Fewer than 1% of organizations have fully implemented responsible AI. Yet, the business case in favour of AI governance is straightforward: governance improves data quality, strengthens decision-making, and builds the institutional trust needed to deploy AI at scale.
www.weforum.org/stories/2026...
U.S. AI companies are expected to spend $650 billion on capital investments this year, mostly in the form of data center infrastructure. Adam Tooze breaks down how this will affect the wider economy.
Studying whether low-economic-mobility neighborhoods can be transformed into high-mobility areas through the HOPE VI program, which invested billions to distressed public housing developments, from Chetty, Diamond, Foster, @lkatz42.bsky.social, Porter, Staiger, and Tach www.nber.org/papers/w34720
Exchange rate pass through (as the dollar falls), and tariff pass through (as they reach record highs) #EconSky
econbrowser.com/archives/202...
OpenClaw (aka Moltbot) may have gone completely viral, but it is also a disaster waiting to happen.
A PSA for why you should steer clear.
open.substack.com/pub/garymarc...
Nachdenklicher Sonntag. Erich Käster: Ich bin die Zeit
The observed decline in labor’s share of corporate output, in conjunction with relatively weak corporate investment, generates a persistent rise in the ratio of corporate valuation relative to corporate earnings, from Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri www.nber.org/papers/w34748
When Dani Rodrik was a guest on my old podcast (PolicyCast), he said "neoliberalism is just bad economics." I got to circle back to that in depth with Princeton U economist Atif Mian in the latest episode of Economics for Inclusive Prosperity. podcasts.apple.com/us/podcast/e...
Apple buys Israeli start-up Q.AI as it races Meta and Google on AI devices ft.trib.al/BWZOst8
Using a comprehensive dataset of posts from a major platform for anime- and manga-style artwork to study the impact of the launch of a prominent text-to-image generative AI, from Sueyoul Kim, Ginger Zhe Jin, and Eungik Lee www.nber.org/papers/w34733
China lags behind US at AI frontier but could quickly catch up, say experts
"Affordability, Antitrust, and Inequality" -- Register now for the free in-person and livestream event with Lina Khan and @pkrugman.bsky.social. March 9, 6:30 pm, at @thegraduatecenter.bsky.social.
stonecenter.gc.cuny.edu/event/afford...
Claude Code and other AI agents are making strides at automating coding. What are the chances that future generations of AI automate more and more of the AI R&D cycle, leading to a recursive self-improving loop?
Our latest report investigates ⬇️
cset.georgetown.edu/publication/...
New evidence on AI and work challenges the usual “automation vs. augmentation” framing. Both forces happen within the same jobs. The main issue appears to be rapid job transformation, and whether workers and institutions can adapt in time.
www.burningglassinstitute.org/research/bey...
📢now forthcoming in ECMA!
The Class Gap in Career Progression: Evidence from US Academia
Class is rarely a focus of research or DEI in elite US occupations.
Evidence suggests it should be: we find a large class gap in at least one occupation - tenure-track academia...🧵