Lucia Foster
@Lucia_Econ
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Congratulations to Philippe Aghion, Peter Howitt and Joel Mokyr for a well-deserved Nobel Prize. It was nice to see the US Census Bureau's Business Dynamic Statistics featured as motivating evidence in the scientific writeup: https://t.co/DIScyEoo5K
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U.S. productivity is popping. And it’s not because of AI.
washingtonpost.com
The country is seeing a surge in small business creation.
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AI use by businesses is small but growing rapidly, led by IT sector and firms in Colorado and DC | AP News
apnews.com
The rate of businesses in the U.S. using AI is still relatively small but growing rapidly. A new paper by U.S.
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AI use for business purposes is relatively small but growing rapidly, from Kathryn Bonney, Cory Breaux, @cathybuffington, Emin Dinlersoz, @Lucia_Econ, @ngoldschlag, @JHaltiwanger_UM, Zachary Kroff, and Keith Savage https://t.co/IvKOQYsDn3
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Great line-up in the special issue of JEMS! We managed to get @JWaldfogel, @timobres, @joshgans, @avicgoldfarb, @k_mcelheran, @erikbryn and many other awesome authors in the same issue!
📢 NEW RELEASE! Announcing the JEMS Special Issue on Artificial Intelligence and the Business Revolution. Guest Editors: Hanna Halaburda, Jeffrey Prince, D. Daniel Sokol, Feng Zhu 📍The SPECIAL ISSUE is here: https://t.co/Ma1FCKND40
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🤖🔮New *Real Time* Data and Working Paper on AI Use 🤖🔮 Our earlier work using firm survey data on AI use was prior to the rise of LLMs. This new data from BTOS covers Sep '23 to Feb '24 and asks about both current use and future expected use of AI.
census.gov
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📢New data and working paper!📢 Business dynamics of high-growth firms, 44 new tables of BDS stats by firm growth rates with the stock and flow of firms, establishments, and employment covering over 4 decades. @JHaltiwanger_UM @choijk85 @jdanielkim
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Released today is Census BTOS data and working paper on AI use by businesses in real time (September 2023-February 2024). Working paper can be found at: https://t.co/hLnKLN8DrS AI use for business purposes remains relatively small but growing. Higher at larger businesses:
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Lucia Foster (@uscensusbureau) highlighted new data available on adoption of #AI across industry sectors and noted forthcoming survey data asking holdouts why they aren’t adopting it. #AMEC symposium >> https://t.co/6hz8OlSY3Z
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Welcome Commissioner McEntarfer! : U.S. Bureau of Labor Statistics @ErikaMcentarfer
https://t.co/MvMLXM5ehX So happy for you and BLS!
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Registration is open for the next #AMEC symposium—U.S. Productivity Growth: Looking Ahead See the lineup of sessions and speakers here: https://t.co/6hz8OlSY3Z Hybrid event Friday, Feb. 16 9:30 am-3:00 pm #AI #supplychain #superstarfirms #productivity #inequality #cities
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CONFIRMED: Erika McEntarfer to be Commissioner of Labor Statistics, Department of Labor By a vote of 86-8.
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Nathan Goldschlag finds that fewer inventors are at small, young firms and more at older, larger firms. How might that affect the nature of innovation?
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@ngoldschlag presents his awesome new paper with @ufukakcigit showing new firms are better at innovation!
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Responses to our Business Trends & Outlook Survey Oct. 23-Nov. 5 show 3.9% of firms currently use Artificial Intelligence or AI, and 6.5% expect to in the future. #BTOS indexes measure recent or expected changes to business conditions: https://t.co/T1q8q8v1Xn
#CensusEconData
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Join @uscensusbureau for the virtual workshop on Advancing Research on Race, Ethnicity and Inequality on Nov. 14-15, 2023. Presented research will examine racial and ethnic inequalities in health, employment, education, housing, and more. https://t.co/mXuBXcOWKa
census.gov
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Responses to our Business Trends & Outlook Survey Oct. 9-22 show Demand Indexes, which measure changes to consumer demand, were 43.3 (current) and 52.6 (future). #BTOS indexes measure recent or expected changes to business conditions: https://t.co/T1q8q8v1Xn
#CensusEconData
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New data from BTOS on AI use and expected use (!) by firms. High frequency, timely data with sector, size, and geography detail. Here are a couple highlights averaging the three waves published yesterday. @erikbryn @k_mcelheran @FLCalv @DAcemogluMIT @emollick @tylercowen
Responses to our Business Trends & Outlook Survey Oct. 9-22 show Demand Indexes, which measure changes to consumer demand, were 43.3 (current) and 52.6 (future). #BTOS indexes measure recent or expected changes to business conditions: https://t.co/T1q8q8v1Xn
#CensusEconData
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The Annual Business Survey in the US found that AI adoption was concentrated in firms with more educated and younger owners, high-growth start-ups, and superstar cities, from @k_mcelheran, J. Frank Li, @erikbryn, Kroff, Dinlersoz, @Lucia_Econ, and Zolas https://t.co/TYcj9Oytdg
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Friday October 13 #AMEC (#NYFed) will host this symposium covering WFH & the future of cities (@emma_k_h Yichen Su @SVNieuwerbur); AI & productivity growth (@avicgoldfarb @sonnytambe @laura_veldkamp); & the forces shaping future growth (John Fernald @Lucia_Econ Robert Gordon)
Join us for an #AMEC symposium—U.S. Productivity Growth: Looking Ahead Themes include: ▪️ #WFH and the future of cities ▪️ #AI, tech, and the future of productivity growth Friday, Oct. 13 9:30 am–3:00 pm Open to the public and media virtually. RSVP: https://t.co/gwoEHnn30t
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