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Economy

Might AI hurt corporate profits? (from my email)

From Clifford Sosin: I loved your talk about AI and wanted to bounce an idea off you. I think AI may be bad for corporate profit margins. A lot of companies make money because their customers can’t be bothered to monitor them more closely, or to insource something. Customers let the company make some money […] The post Might AI hurt corporate profits? (from my email) appeared first on Marginal REVOLUTION. Related StoriesLaw professors prefer AI over peer answersHow High-Skill Immigration Rest...

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Economy

How High-Skill Immigration Restrictions Eroded Regional Productivity: Evidence from the 2017 BAHA Executive Order

This paper estimates the regional economic impact of high-skill immigration restrictions by analyzing the 2017 “Buy American, Hire American” (BAHA) policy as a quasi-experimental policy shock. By significantly tightening H-1B visa adjudication, BAHA caused new employment petition denial rates to double from 7% to 17%, while STEM-specific rejections tripled to 31%. Using a difference-indifferences framework, […] The post How High-Skill Immigration Restrictions Eroded Regional Productivity: Evi...

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Economy

Tyler and Alex Speak to OpenAI

We were honored to speak to OpenAI about the economics of AI. Lots of good material here. Self-recommending. The post Tyler and Alex Speak to OpenAI appeared first on Marginal REVOLUTION. Related StoriesEurope Demands Family DynastiesShould we recriminalize marijuana?Law professors prefer AI over peer answers

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Technology

The Download: AI hacking beyond Mythos, and chatbots’ impact on our brains

This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. The Meta hack shows there’s more to AI security than Mythos On Monday, reports emerged that attackers had used Meta’s AI customer support agent to steal Instagram accounts. Their approach was…

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