New research examines ways the generative AI marketplace might evolve
The race for dominance in the AI marketplace hinges on who controls its complementary assets, researchers assert.
Faculty
Pierre Azoulay is the International Programs Professor of Management at the MIT Sloan School of Management, and a Research Associate at the National Bureau of Economic Research.
His research focuses on the impact of different funding regimes on the rate and direction of scientific progress. He is also part of a large team surveying management practices and culture in scientific laboratories on a large scale. His latest projects examine the complex relationship between risk and return in scientific research.
At MIT Sloan, he teaches courses on competitive strategy, technology strategy, and platform strategy, as well as a PhD class on the economics of ideas, innovation, and entrepreneurship.
He holds a Diplôme d’Études Supérieures de Gestion from the Institut National des Télécommunications, an MA from Michigan State University, and a PhD in Management from MIT.
Featured Publication
"Age and High-Growth Entrepreneurship."Azoulay, Pierre, Benjamin Jones, Daniel Kim, and Javier Miranda. American Economic Review: Insights Vol. 2, No. 1 (2020): 65-82. Download Paper.
Azoulay, Pierre, Joshua L. Krieger, and Abhishek Nagaraj, Working Paper. May 2024. Also NBER Working Paper #32474.
Azoulay, Pierre, Joshua L. Krieger, and Abhishek Nagaraj, Working Paper. May 2024. Also NBER Working Paper #32474.
Azoulay, Pierre, Shumin Qiu, and Claudia Steinwender, MIT Sloan Working Paper 6977-23. Cambridge, MA: MIT Sloan School of Management, May 2024. Also NBER Working Paper #32468.
Azoulay, Pierre, Misty L. Heggeness, and Jennifer Kao, MIT Sloan Working Paper 5926-19. Cambridge, MA: MIT Sloan School of Management, May 2023. Also NBER Working Paper #27943.
The race for dominance in the AI marketplace hinges on who controls its complementary assets, researchers assert.
As artificial intelligence takes off, all companies should be thinking about value creation, value capture, and value delivery.
“There are ideas that you can only have once you’ve been around and you’ve had a real job."
"One reason that immigrants do better is that they locate in places that are growing fast and the earnings potential are high."
Programs designed to stimulate “one-in-a-thousand ideas, much less one-in-a-million ideas” are all but immune to cost-benefit analysis.
"The thing that this debate has ignored to date is the possibility that immigrants are not just employees of firms. They can also create firms."
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