AI looks increasing likely to become what technologists call a general-purpose technology. Michael Barr discusses the rapid evolution of AI and the potential impact of generative AI on the labour market and the economy

Every major economy is now hedging against digital dependence. Matthew Kilcoyne examines digital sovereignty and the economic risks of uncoordinated fragmentation across global technology markets

The international and technological frontier for retail payments is advancing. Sarah Breeden sets out how the Bank of England is leading the design of the UK’s next generation retail payments infrastructure, while also supporting private sector innovation in the interim

AI-powered transcription tools are increasingly used in the workplace. Aida Ponce Del Castillo argues in an analysis from data protection law and the AI Act that their deployment raises risks both for employees and employers

AI offers substantial benefits to society. Stephen Cecchetti, Robin Lumsdaine, Tuomas Peltonen and Antonio Sánchez Serrano discuss significant concerns regarding risks to the financial system and propose a mix of competition and consumer protection policies address these vulnerabilities

Maximising the European Union’s innovation capacity is an overriding EU policy priority. Fiona Scott Morton and Reinhilde Veugelers propose an optional EU regime to lower barriers for high-growth startups via swift incorporation, simple governance and crossborder access