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Articles from Digitopoly

Spillovers, Bottlenecks, and More Invention After Invention

April 1, 2025 - 13:18 -- Admin

Epiphany plays an outsized role in the reductionist two-step model of invention. Step one is when an idea pops into an inventor’s head, and step two is when the invention spreads in an economy over time.

This model is misleading in numerous ways that would take a book to enumerate. Today’s column focuses on step two, aiming to one piece. How and why do businesses embed the invention in products and services while the invention spreads?

Party like It’s 1999?

April 14, 2024 - 10:20 -- Admin

Generative AI has created a gold rush today, but that rush has not yet grown into either a productivity boom or a financial bubble. There are good reasons to think this rush could become either one.Which one is just around the corner? Could it be both? In case you forgot, we did live through a productivity bonanza that morphed into a financial bubble during the commercialization of the Internet.

After the Gold Rush

March 8, 2024 - 13:25 -- Admin

The commercial future of AI will soon be bigger than the actions of any firm, individual, research team, or open-source community. In the near term, a massive tailwind of potential use cases and nearly completed projects will determine the rate of progress in creating value for users and suppliers. Still, the source of the next frontier commercial breakthrough and the distribution of profits look undetermined and, for reasons to be explained, underdetermined.

The AI Gold Rush

March 8, 2024 - 13:01 -- Admin

Large language models (LLMs) have overrun commercial markets, more like a tsunami than a normal technical wave of interest. The topic is everywhere –news stories, blogs, podcasts, startup investments, analyst reports, hackathons, and government announcements. A virtual frenzy surrounds it.

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