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Journal Article
Who Uses AI for Pricing?
Firms are increasingly using artificial intelligence (AI)-enabled algorithms to help set prices. While firms do not typically disclose whether they use AI for price-setting, we can measure their use of this technology through their public postings for jobs related to AI pricing. We find that larger, more productive firms are more likely to adopt AI pricing technology. This adoption, in turn, allows these firms to grow faster and become more profitable.
Journal Article
A New U.S. Productivity Chapter? What Industry Data Say About AI
Since late 2022, U.S. labor productivity has risen notably above its pre-pandemic trend. Industry data suggest the pickup is not yet broad-based: A small set of industries accounts for most gains. While higher AI adoption is associated with faster productivity growth across industries, it explains little of the shift in aggregate contributions, suggesting AI adoption is still spreading.