you are currently viewing::AI Needs More Abundant Power Supplies to Keep Driving Economic GrowthMay 13, 2025--The power-hungry technology requires policies to help expand electricity supplies, incentivize alternative sources, and help contain price surges
AI has the potential to raise the average pace of annual global economic growth according to scenarios in our recent analysis, included in the IMF's April 2025 World Economic Outlook. Source: IMF.org |
March 20, 2025--By mid-2024, artificial intelligence large language models (LLMs) were running into diminishing returns to scale in training data and computational capacity. LLM training began to shift away from costly pre-training to cheaper fine-tuning and allowing LLMs to 'reason' for longer before replying to questions.
March 10, 2025-Summary
The developing world's vibrant research in the face of limited resources offers valuable global insights
For too long, Western institutions have shaped empirical research and policy recommendations. Authors based in developing economies have a far too small footprint in top economics journals.