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How Application of Artificial Intelligence is Transforming Business

Testsigma

FEBRUARY 18, 2020

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

APRIL 23, 2024

Patents—exclusive, government-granted rights intended to encourage innovation—protect pharmaceutical companies from competition and allow them to charge high prices. They are a price that we pay for a rising tide of innovation. What Is Economic Rent? For example, consider drug pricing. But not all rents represent abuse of power.

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