Whatever the executives may say, however, AI is changing business much more slowly than expected. A high-quality survey from ...

Cloud-centralized AI vision: A new economic model The emergence of cloud-centralized, AI vision systems represent not just a technological evolution but a fundamental shift in the economic model of ...

University of Iowa students in an advanced macroeconomics class were sent on a field trip across campus to the UI’s Stanley Museum of Art this past semester to learn how focusing on tiny details ...

Does increasing wage pressure encourage automation? Economic theory suggests that it does. Rising wages drive innovation in automation technology as firms seek cost-saving innovations to replace ...

Economic theory suggests that it does. Rising wages drive innovation in automation technology as firms seek cost-saving innovations to replace expensive labor. But what is the reality?

A Nobel laureate on the economics of artificial intelligence Daron Acemoglu has long studied technology-driven growth. He thinks we should slow down and make sure we’re using AI the right way.

In the era of Industry 4.0 the increase in population as a result of environmental erosion is the prime concern in the global scenario, Asia as the biggest continent is very much applied to it. In ...

The roar of Industry 4.0 is echoing across the business world, and automation is its undeniable engine. But amidst the excitement and the hype, a crucial question lingers. How can companies ...

Learn to adapt to automation's influence on Economics with new technology and stay ahead in your career or studies.

Will artificial intelligence take our jobs? As AI raises new fears about a jobless future, it’s helpful to consider how economists’ understanding of technology and labor has evolved. For ...