Jessica A. Wachter

Yeah, that's the, the promise and expectation of AI, that it will lead to a revolution in productivity, and that's what I talk about in the conversation we're about to hear.

I sat down with Jessica Wachter, who's at the Wharton School and a former SEC economist.

She wrote a paper looking at the level of investment in AI, and she came to the conclusion that for AI to make a return on those investments, it would need multiple massive leaps in productivity-

Mm-hmm

And even though this conversation happened a few weeks ago, I think it's still super timely as everyone's still trying to figure out if AI is going to live up to the hype.

[upbeat music] Good afternoon, everyone.

I'm Teddy Downy, executive editor here at The Capital Forum, and today I'm pleased to be joined by Jessica Wachter, Dr. Bruce Jacobs, professor of quantitative finance at the Wharton School and research associate at the National Bureau of Economic Research.

We'll be discussing Jessica's recent paper, What Investment Data Implies About the AI Transition, which examines what current levels of AI investment may imply about future productivity growth, economic performance, and, uh, financial markets.