Power and Prediction - The Disruptive Economics of Artificial Intelligence

Key Facts and Insights from the Book

1. Artificial Intelligence (AI) as a Prediction Technology: The book emphasizes that AI should primarily be viewed as a prediction technology, augmenting our ability to make forecasts about future outcomes based on data.
2. The Economics of AI: It explores the economic implications of AI, including how it changes the cost structure of prediction, and thus, disrupts traditional business models.
3. Judgement and AI: The authors distinguish between prediction and judgment, arguing that while AI excels at the former, humans still hold an advantage in the latter.
4. AI and Decision Making: The book also delves...

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