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Task-based models of AI and labor hold organizational structure fixed. We introduce agent capital: AI that reduces coordination costs, expanding spans of control and enabling endogenous task creation. Five propositions characterize how…

Amid growing concerns over AI's societal risks--ranging from civilizational collapse to misinformation and systemic bias--this study explores the perceptions of AI experts and the general US registered voters on the likelihood and impact of…

Superhuman artificial general intelligence could be created this century and would likely be a significant source of existential risk. Delaying the creation of superintelligent AI (ASI) could decrease total existential risk by increasing…

We examine whether substantial AI automation could accelerate global economic growth by about an order of magnitude, akin to the economic growth effects of the Industrial Revolution. We identify three primary drivers for such growth: 1) the…

Current approaches to AI governance often fall short in anticipating a future where AI agents manage critical tasks, such as financial operations, administrative functions, and beyond. While cryptocurrencies could serve as the foundation…

Generative artificial intelligence (AI) is a widely popular technology that will have a profound impact on society and individuals. Less than a decade ago, it was thought that creative work would be among the last to be automated - yet…

Developing and implementing AI-based solutions help state and federal government agencies, research institutions, and commercial companies enhance decision-making processes, automate chain operations, and reduce the consumption of natural…

Discussions surrounding Artificial General Intelligence have largely focused on technical feasibility, timelines, and existential risk, often treating its social impact as being the same across different populations. Less attention has been…

The success of OpenAI's ChatGPT in 2023 has spurred financial enterprises into exploring Generative AI applications to reduce costs or drive revenue within different lines of businesses in the Financial Industry. While these applications…

Self-interested behavior in sharing economies often leads to inefficient aggregate outcomes compared to a centrally coordinated allocation, ultimately harming users. Yet, centralized coordination removes individual decision power. This…

While Artificial Intelligence (AI) technologies are progressing fast, compliance costs have become a huge financial burden for AI startups, which are already constrained on research & development budgets. This situation creates a compliance…

Companies like OpenAI, Google DeepMind, and Anthropic have the stated goal of building artificial general intelligence (AGI) - AI systems that perform as well as or better than humans on a wide variety of cognitive tasks. However, there are…

Artificial intelligence (AI) is reshaping the labor market by changing the task content of occupations. This study investigates the impact of AI development on the emergence of new work, employment, and wages in the United States from 2015…

This paper evaluates the causal impact of Generative Artificial Intelligence (GenAI) adoption on productivity and systemic risk in the U.S. banking sector. Using a novel dataset linking SEC 10-Q filings to Federal Reserve regulatory data…

Can machines truly think, reason and act in domains like humans? This enduring question continues to shape the pursuit of Artificial General Intelligence (AGI). Despite the growing capabilities of models such as GPT-4.5, DeepSeek, Claude…

This paper examines how artificial general intelligence (AGI) could fundamentally reshape the delicate balance between state capacity and individual liberty that sustains free societies. Building on Acemoglu and Robinson's 'narrow corridor'…

The rapid evolution of artificial intelligence (AI) systems, tools, and technologies has opened up novel, unprecedented opportunities for businesses to innovate, differentiate, and compete. However, growing concerns have emerged about the…

Artificial intelligence is already being applied in and impacting many important sectors in society, including healthcare, finance, and policing. These applications will increase as AI capabilities continue to progress, which has the…

Algorithms are becoming more widely used in business, and businesses are becoming increasingly concerned that their algorithms will cause significant reputational or financial damage. We should emphasize that any of these damages stem from…

This paper explores how the U.S. Department of Treasury, particularly the Internal Revenue Service (IRS), is adopting artificial intelligence (AI) to modernize tax administration. Using publicly available information, the survey highlights…