The Microeconomics of Artificial Intelligence (2025)

> Applied statistics is a far more precise descriptor, “but no one wants to use that term, because it’s not as sexy.”

This really hit me some time back when I was explaining AI to a friend. After about 10 mins of rambling about LLMs and mentioning the attention paper like I knew what I was talking about, it ended with “oh so it’s just a really advanced auto correct”

Speaking how which, how are economists using AI? Are they getting better at making predictions?

[flagged]

Letting companies get away with applying token limits etc. is ridiculous. The electricity is not the bottleneck (taxpayers subsidize it). The knowledge was stolen from artists and writers. It's a logic gate on tool use determining if you're in the right economic class.