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Business Law Podcast

AI as a Prediction Tool

Ama Adams, Marc Donner, Roland Leslie Trope, and Roland Leslie Trope

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Mind the Gap: Episode 2

So far, advances in AI are not bringing us real “intelligence.”  Rather, these advances are bringing us a key part of intelligence: prediction.  This enables businesses to make predictions faster and more precisely to improve their business models and marketplace advantage. In this episode of Mind the Gap, Avi Goldfarb, an economist at the University of Toronto’s Rotman School of Management and one of the authors of “Prediction Machines: The Simple Economics of Artificial Intelligence,” will explain the economics of AI and how it can lead to better and cheaper predictions.