AI’s Future: Combining RPA With AI to Augment Knowledge WorkersThe work machines can’t do is usually the rewarding part, both personally and financially
Why We Need to Stop Relying On Patents to Measure InnovationThe key to a nation's long-run economic growth is the effect of innovation on productivity, and has little to do with patent activity
Why Are There No New Googles and Amazons?The internet has matured, making many new internet-based companies comparatively low-tech
Today’s startups have targeted a much different set of technologies than did startups in past decades.
Why Do Today’s Tech Startups Disappoint Investors?Only 14 of the 45 recent Unicorns showed increases larger than those of the Nasdaq generally
Companies we hear a lot about, like Zoom and Beyond Meat, are not profitable compared to an earlier generation of tech startups.
Where Have All the Profitable Startups Gone?We must distinguish between COVID-19's devastating impact and pre-existing problems that it is making worse
The most successful startups of today aren’t as profitable as those founded 20 to 50 years ago. Something is terribly wrong with the current startup system.
Stanford’s AI Index Report: How Much Is BS?Some measurements of AI’s economic impact sound like the metrics that fueled the dot-com bubble
Stanford University’s AI index offers us fanciful measures of the triumph of AI, rivaling the far-fetched metrics of dot-com commerce. The reality has been the opposite. For decades, U.S. productivity grew by about 3% a year. Then, after 1970, it slowed to 1.5% a year, then 1%, now about 0.5%. Perhaps we are spending too much time on our smartphones.