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Artificial intelligence

When one company dominates a market, there can be downsides

by Meghan McCarty Carino
Aug 24, 2023
Chipmaker Nvidia is the breakout sensation of the AI boom. But supply chain snarls have taught us the risks of having few sources.
Nvidia designs about 80% of the specialized chips needed to train complex artificial intelligence models. It makes a single-source product that's fabricated by only one company.
Justin Sullivan/Getty Images
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What keeps economists up at night?

by Elizabeth Trovall
Aug 23, 2023
We asked some professors to riff on the theme of the Fed's annual Jackson Hole retreat: “Structural Shifts in the Global Economy.”
"I think the regular 8-to-5 schedules we used to have are really super hard for families," says Ayse Imrohoroglu of the University of Southern California.
Christian Ender/Getty Images
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Chipmaker Nvidia steps into the spotlight as a barometer of the AI economy

by Meghan McCarty Carino
Aug 21, 2023
It makes the chips at the heart of ChatGPT and other tools.
The valuation of Nvidia, whose products are crucial to artificial intelligence technology, has surpassed $1 trillion.
Justin Sullivan/Getty Images
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Chinese animation house puts AI capabilities to the test

by Jennifer Pak
Aug 21, 2023
Base Media and iQiyi see potential for a creative edge in a competitive market. But U.S. clients worry about copyright infringement.
A screenshot of an animation after AI tools were applied. The brick wall and background are generated by AI.
Courtesy Base Media/iQiyi Wonderworks
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Can AI product review summaries help us make better purchase decisions?

by Meghan McCarty Carino
Aug 17, 2023
Amazon is using the technology on its mobile app to synthesize stacks of user comments into one tidy paragraph. Do you buy the idea?
Amazon's new artificial intelligence-generated review system "is immediately going to be a target for sellers to manipulate," says marketing professor Brett Hollenbeck.
isiddheshm/Getty Images
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AI lessons from the telephone operators of the 1920s

by Kai Ryssdal and Livi Burdette
Aug 17, 2023
In the early 20th century, thousands of young women worked as telephone switchboard operators. Automation changed that.
If you were a working woman in the early 20th century, there's a good chance you were a telephone operator — until mechanical switching took over the job.
-/AFP via Getty Images
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What's AI gonna do with your money?

by Sabri Ben-Achour
Aug 10, 2023
Many of the ChatGPT plugins or other financial AI tools seem designed to make advisers' jobs easier, not replace them. At least for now.
“I think we will get to the point where AI is saying you should invest in 'X,'” said Sarah Hoffman at the Fidelity Center for Applied Technology.
AndreyPopov/Getty Images
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AI likely to make voice assistants smarter

by Matt Levin
Aug 2, 2023
Google aims to “supercharge” Google Assistant with the same tech that underlies ChatGPT, which could boost communication.
Programs like Google Assistant, Amazon's Alexa and Apple's Siri still have problems understanding exactly what people say, but artificial intelligence may improve their functionality.
Robyn Beck/AFP via Getty Images
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"Her"

Creating "humanlike minds"

by The Econ Extra Credit Team
Jul 31, 2023
Econ Extra Credit newsletter #159
World Chess Champion Garry Kasparov, right, pauses before making his first move in a game against the IBM Deep Blue computer in New York in 1997.
Stan Honda/AFP via Getty Images
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Artificial intelligence will impact workplaces and cost some workers their jobs

by Samantha Fields
Jul 27, 2023
A new report from the McKinsey Global Institute says some will lose their jobs and low-wage workers are the most likely to be hit.
Lower-paid jobs, like those in food service, are more likely to disappear because of AI and automation. Some already have.
Justin Sullivan/Getty Images
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