Original link: https://pt.plus/notes-on-ai-5/
The advent of AI is triggering a paradigm shift in the way businesses operate, compete and prosper. From dynamic pricing models in retail and automated robots in manufacturing, to predictive maintenance in aviation and robo-advisors in finance, the ubiquity of AI represents a profound shift in the landscape across industries. However, its diffusion is not homogeneous. Some areas are rapidly advancing into the future while others lag, creating an uneven mosaic inadvertently.
The core of the operation of capitalism and the free market is still endless efficiency, productivity and innovation. After losing the momentum of new technologies, these efforts are often presented as “involution”. AI’s relationship to capitalism isn’t just another business tool, it may be the tool to end everything else, and even, as many fear, the centrality of humans in business.
We’ll start with RH Coase’s classic 1937 paper , The Nature of the Firm , and explore what changes AI will drive within the enterprise.
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