Aleh Tsyvinski's research on the "AI premium" covered by NPR's Planet Money
Yale Jackson economics professor Aleh Tsyvinski and coauthors analyzed 380 trillion AI tokens to trace how AI usage is reshaping stock prices — finding an 'AI premium' that reached far beyond the tech sector into industries across the economy."
- Published
- Author
- Greg Rosalsky
…The companies seen as the biggest AI beneficiaries have enjoyed higher stock returns — a pattern the researchers call an "AI premium." More interestingly, [the researchers] find it's not just tech stocks that appear to earn that premium. Their findings suggest investors expect AI to benefit a wide range of companies and industries across the economy.
"The story of AI is no longer just a Silicon Valley story," Tsyvinski says about their paper's findings. "Financial markets already see Main Street being impacted."
What's most exciting about this study is probably less its findings and more that it offers a glimpse into future research possibilities.
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Pinelopi Koujianou Goldberg elected president of the American Economic Association
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