Tag: Free markets

Person uses laptop interacting with AI virtual assistant. AI head graphic overlay laptop keyboard. Concept of AI prompt engineering, LLM. Person types on keyboard to communicate with virtual

^{Type
post

Jeffrey Funk and Gary Smith
Date
March 6, 2025

Categorized
Economics, Large Language Models (LLMs)

Tagged
Featured, Free markets, LLMs and productivity, Tyler Cowen}

Why LLMs Are Not Boosting Productivity

_{If LLMs were as reliably useful as economist Tyler Cowen alleges, businesses would be using them to generate profits faster than LLMs generate text. They aren’t.} _{Jeffrey Funk and Gary Smith
March 6, 2025

5

Economics, Large Language Models (LLMs)}

So far, AI is dragging down economic growth by diverting so much human talent and natural resources away from more productive uses. Read More ›