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26 Jan 2022 / 17:30 - 19:30
How AI Impacts Firm Growth and Innovation
Has AI been able to transform businesses over the past decade? Despite the rapid rise in commercial applications of AI, their real impact remains little understood.
This session will discuss the economics of AI: the benefits that we might expect AI technologies to bring conceptually and the benefits that we actually observe empirically. The session will present a novel way of measuring firm-level AI investments using firms' job postings and employees' resumes and then use this measure to study how AI investments relate to firms' sales, employment, and innovation.
University of California, Berkeley, Haas School of Business
Anastassia Fedyk is an Assistant Professor of Finance at the Haas School of Business at UC Berkeley.
Her research lies at the intersection of economics and technology, with a specific emphasis on using large unstructured data to understand firm news and valuations. Most recently, she has been exploring the impact of firms’ investments in skilled human capital and new technologies including AI. Anastassia Fedyk holds a Ph.D. in Business Economics from Harvard University and a B.A. in Mathematics with honors from Princeton University. Prior to pursuing her academic career, Anastassia Fedyk was a researcher and portfolio manager at Goldman Sachs Asset Management.