a column by Yong Suk Lee, Benjamin Cedric Larsen, Michael Webb and Mariano-Florentino Cuéllar for VOX: CEPR’s Policy Portal
As artificial intelligence becomes more widespread and its performance improves, it will likely have significant long-term consequences for jobs, inequality, organisations, and competition. Regulation may be used to address its risks and possibilities, but little is known about how AI-related regulation might affect firm behaviour.
This column examines the impact of actual and potential AI regulations on business managers through a randomised online survey experiment. It finds that exposure to information about regulation decreases managers’ reported intent to adopt AI technologies in their firm’s business processes.
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There are four very useful figures which provide visual information (my favourite way of absorbing facts) but without the text they do not make a great deal of sense!
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