AI: a new industrial revolution
JD Vance outlines the AI policies of the Trump administration, prioritising innovation, deregulation, protection of free speech and US workers in what he likened to the dawn of a new industrial revolution
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Tech
AI and stability
Financial institutions are rapidly embracing AI. Jon Danielsson argues that AI introduces novel stability risks that the financial authorities may be unprepared for, raising the spectre of faster, more vicious financial crises
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Using data as a production factor
A major task for the new European Commission will be develop coherent data laws. Bertin Martens discusses some policy ideas for a new EU data strategy
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Quantum computing and the financial system
Quantum computers may have a profound impact on the financial system. Raphael Auer, Angela Dupont, Leonardo Gambacorta, Joon Suk Park, Koji Takahashi, and Andras Valko explore the transformative potential to the financial system, including the potential benefits as well as the main risks
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Rethinking social networking
It’s time for the EU to rethink personal social networking. Fiona Scott Morton explores the potential implementation of Article 7 interoperability for social networking core platform systems
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Fintech, AI, and the changing financial landscape
What is the end goal of the fintech revolution? Patrick Harker focuses upon the risks of artificial intelligence and machine learning to the financial system
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Engaging with the machine
AI is being used for a wide and increasing range of applications in financial services. Sarah Breeden explores the novel features of Generative AI and how we can uphold financial stability whilst harnessing its potential benefits for economic growth
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Catch-up with the US or prosper below the tech frontier?
Bertin Martens explores why EU AI investment has fallen behind the US and the types of market failure that may have led to that situation, and considers an EU artificial intelligence strategy
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Economists should point their attention to the stars
The economics of space is no longer the province of science fiction. Alessio Terzi and Francesco Nicoli argue that economists should turn their attention to the stars, harnessing opportunities that beckon beyond Earth’s limits
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The tension between AI and productivity
Bertin Martens explores the tension between rapidly increasing artificial intelligence investment costs and the slower pace of productivity growth, raising concerns about a potential ‘economic winter’ for AI
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