Unlock the economics of artificial intelligence with our expert blog series. Explore how AI delivers return on investment, boosts project effectiveness, and transforms industries. Dive into the macroeconomic effects of AI, from productivity gains and wage premiums to automation’s impact on jobs and skills. Get critical insights into regional differences, workforce trends, and the evolving global economic landscape powered by AI innovation.
The growth of interest in AI has been a global phenomenon over the last three years. However, while large language model (LLM) adoption has been rapid, there is an open question as to whether the industry’s pricing model is sustainable. Is current LLM pricing a steady state business model or a temporary subsidy? Consider the…
Most articles about artificial intelligence (AI) today discuss its capabilities and potential for innovative applications, from chatbots to predictive maintenance in engineering. What is less well explored is the cost of delivering these projects, and even less well addressed is the issue of supporting an AI model once it is already in production use. We…
The current boom in AI has been sold to businesses as a great productivity improvement opportunity, at least by the AI vendors and the industry of consultants being paid to help with AI projects. There has been rapid adoption of the technology, with OpenAI’s ChatGPT having 800 million active weekly users, and 78% of companies…
Will AI replace your job? The fear of technology replacing jobs is not new. William Lee patented the mechanised loom for stocking production in the 16th century. In early 19th-century England, a group of textile workers, the Luddites, rioted and destroyed machinery that was automating the production of textiles, threatening their livelihoods. Often, technological advances…
It is now almost three years since ChatGPT was unleashed on an unsuspecting world. Two months later, it had 100 million users, making it the fastest adopted consumer application in history. A torrent of money was thrown at AI, from venture capital firms backing AI start-ups (a third of all venture capital went into AI…
There is little doubt that the release of ChatGPT in November 2022, and the tsunami of artificial intelligence (AI) investment that followed had a seismic impact on the global economy. In Q2 2025 $40 billion, or 45% of all venture capital (VC) funding, went to AI-related companies, according to Crunchbase. On the day that I…
Most of us by now will have tried using an AI chatbot like ChatGPT or Claude or Perplexity or Grok. They are hard to avoid, with, for example, Google now putting AI-generated answers at the top of its queries, with sometimes amusing results. However, if you are to implement one of these generative AI tools…
There has been a tidal wave of interest and investment in AI since the public release of ChatGPT in November 2022 by OpenAI. Over half of all global venture capital investment in 2024 was in AI-focused companies. Application areas have ranged from mundane to exotic, across a spectrum of industries. It has been used from customer service chatbots to…