Large Language Models (LLMs) or generative AI have emerged as a new general-purpose technology in applied machine learning. These models are increasingly employed within firms to support a range of economic tasks. This paper investigates the economic value generated by the adoption and use of...

A supercluster of economically useful and powerful new digital technologies (crypto, generative AI, AR/VR, IoT, et al.) have arrived all at once in the past decade. These technologies are disrupting economic organisation and institutions (e.g. money, contracting, administration, choice). The...