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How Application of Artificial Intelligence is Transforming Business

Testsigma

What is Artificial Intelligence? Artificial intelligence works on the principle of human intelligence. Almost all artificial machines built to date fall under this category. Artificial General Intelligence. How does Artificial Intelligence Work?

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Rising Tide Rents and Robber Baron Rents

O'Reilly

The answer can be found in the theory of economic rents, and in particular, in the kinds of rents that are collected by companies during different stages of the technology business cycle. Then the cycle begins again with a new class of competitors, who are forced to explore new, disruptive technologies that reset the entire market.