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investing in AI

Investing in AI Boosts Firm Growth

A new paper co-authored by Berkeley Haas Assistant Professor Anastassia Fedyk reveals that investing in AI boosts growth and increases market dominance allowing large firms to grow even more.

Co-authored by Tania Babina, assistant professor at Columbia Business School, Alex He, assistant professor at the University of Maryland, and James Hodson, the CEO of the AI for Good Foundation, the research finds that firms that invested more in AI technology increased their sales and employment, leading to higher levels of industry concentration.

In short, investing in AI has helped “superstar” firms such as Amazon, JPMorgan Chase, and UnitedHealth, get even bigger.

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