Finding Needles in Haystacks: Artificial Intelligence and Recombinant Growth

Ajay Agrawal, John McHale, Alex Oettl

NBER Working Paper No. 24541
Issued in April 2018

---- Acknowledgments ----

We thank Kevin Bryan, Joshua Gans, and Chad Jones for thoughtful input on this paper. We gratefully acknowledge financial support from Science Foundation Ireland, the Social Sciences Research Council of Canada, the Centre for Innovation and Entrepreneurship at the Rotman School of Management, and the Whitaker Institute for Innovation and Societal Change. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for Ajay Agrawal ----

Three of the AI companies mentioned in this paper are graduates of our Creative Destruction Lab program at the University of Toronto: Atomwise, BenchSci, and Deep Genomics. A key member of another company mentioned (Meta), is an Associate at the Creative Destruction Lab.

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