Introduction: The Economics of Transformative AI

AI capabilities have been relentlessly improving across a variety of benchmarks. And in November 2022, a new chapter in this story began. ChatGPT became the fastest-growing consumer app of all time. Soon after, a wave of similar AI systems – Claude, Gemini, and Grok – followed, each built in a similar spirit with rapidly improving capabilities. Understandably, a surge of interest – both excitement and alarm – has accompanied this ongoing surge of technological progress.