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benefits at minimum risk. FM developers require language models (LMs), data and computing power to generate natural language … output, such as texts, from language input. Thus, the FM value chain is composed of three main elements: LMs, data and … closed- and open-source models, open-source and proprietary data, and vigorous competition between firms at the computing …
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The history of AI in economics is long and winding, much the same as the evolving field of AI itself. Economists have engaged with AI since its beginnings, albeit in varying degrees and with changing focus across time and places. In this study, we have explored the diffusion of AI and different...
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As artificial intelligence (AI) thrives and propagates through modern life, a key question to ask is how to include humans in future AI? Despite humaninvolvement at every stage of the production process from conception and design through to implementation, modern AI is still often criticized for...
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We investigate three alternative but complementary indicators of market power on one of the largest online labour markets (OLMs) in Europe: (1) the elasticity of labour demand, (2) the elasticity of labour supply, and (3) the concentration of market shares. We explore how these indicators relate...
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substantial increase in data availability simultaneously advances the potential for AI and BD to enhance ecological sustainability …
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