Digests
Executive Summary
- Better digital connectivity is associated with higher firm-level AI adoption and linked to measurable productivity and export gains, especially for small and medium-sized enterprises (SMEs) and software-intensive firms (in the sample studied).
- While some papers find AI models outperform humans on specific decision tasks (e.g., fraud detection) and can boost efficiency, multiple papers flag short-run costs, distributional risks, governance trade-offs, and contextual failures that complicate scaling.
- Bottom line: evidence suggests investing in digital infrastructure and governance now. Infrastructure widens who benefits from AI, but practical deployment diagnostics, fairness audits, and targeted policy design are required to avoid uneven, short-run harms.
The Big Picture
This week’s papers converge on one message: who benefits from AI depends as much on pipes and policy as on models. A credible natural experiment suggests that where fiber arrives, firms are more likely to adopt AI and experience measurable productivity and export gains, especially smaller and software-intensive businesses. Add policy scaffolding and the association widens, as China’s AI pilot zones are associated with better environmental, social, and governance (ESG) performance through R&D and compliance channels.
Yet deployment is not a free lunch. A preregistered experiment finds large language models (LLMs) outperform humans on fraud warnings in the tested scenarios, but field-facing audits and user studies find that pipelines, post-processing, and explanations can skew outcomes or inflate analyst overconfidence. Firm finances are often associated with dips after adoption, and agentic systems carry cost volatility and brittle behavior in complex environments. The bottom line: treat AI diffusion as a joint technology–institution problem. Invest in digital infrastructure and skills, but pair rollouts with diagnostics, audits, and staged policies that manage transition costs and legitimacy risks.
Top Papers
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Pipeline-driven fiber rollout increases AI adoption and firm productivity in Turkey — Nuriye Melisa Bilgin, G. Ottaviano (natural experiment with instrumental variables (IV) and difference-in-differences, high evidence, established) - Gas-pipeline-linked fiber deployment provides plausibly exogenous connectivity gains that are associated with higher firm-level AI adoption and, in turn, with labor productivity and export intensity, with larger effects for SMEs and software-intensive firms, suggesting infrastructure may be a binding constraint on diffusion and performance.
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Pre-registered trial finds LLMs issue fraud warnings more reliably than human advisors — Nattavudh Powdthavee (preregistered experiment, high evidence, established) - Across seven models and 12 scenarios, LLMs never endorsed fraudulent investments and were less swayed by motivated investor framing than 1,201 human advisors, a result that suggests AI may serve as a useful guardrail in advisory workflows if integrated and audited responsibly.
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Systematic review finds AI boosts administrative efficiency but creates an efficiency–legitimacy paradox for governance — Glory Mmerechi Triumph Okereke, Philip Williams Appiah-Agyei (systematic review, high evidence, established) - Evidence of efficiency and forecasting gains in public administration sits alongside recurring legitimacy, fairness, and accountability concerns, indicating that algorithmic governance requires new oversight and participatory mechanisms to sustain trust.
Also Notable
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Foundation models beat dataset-specific ML across energy forecasting datasets , Marco Obermeier, Marco Pruckner, Florian Haselbeck, Andreas Zeiselmair (benchmark, descriptive) - Pretrained time-series foundation models generalize better across energy datasets than bespoke models, pointing to a lower per-dataset engineering burden for utilities and grid operators.
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Control-theoretic diagnostic shows iterative self-correction often harms unless error-introduction is nearly zero , Aofan Liu, Jingxiang Meng (quasi-experimental, medium evidence) - A deployment diagnostic based on error-correction and error-introduction rates plus a “verify-first” prompt pattern can help determine when iterative self-correction will help rather than hurt.
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LLMs skew toward pro-intervention causal predictions and struggle on ideologically contested economics questions , Donggyu Lee, Hyeok Yun, Jungwon Kim, Junsik Min, Sungwon Park, Sangyoon Park, Jihee Kim (benchmark/evaluation, medium evidence) - An expanded EconCausal benchmark detects systematic intervention-leaning bias and reduced accuracy on politicized causal queries, a caution for policy and journalism use.
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KOSDAQ evidence shows AI adoption lowers operating margins short-run and raises market value only in ICT firms , Jungsoo Kim, Bong-Gi Baek (quasi-experimental, medium evidence) - Panel estimates indicate a J-curve pattern in the sample: margins are lower after adoption while market valuation rises mainly for ICT firms, reflecting transition costs and heterogeneous value capture.
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Deterministic Projection Memory improves factual precision and auditability for regulated decision agents , Vasundra Srinivasan (system/architecture evaluation, framework) - A deterministic, append-only memory is found to outperform summarization under tight budgets and simplifies audits, relevant for regulated decision pipelines.
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AI agents aggregate private signals well in simple markets but fail as information structures grow complex , Spyros Galanis (controlled experiment, medium evidence) - Lab markets show capable models aggregate information in simple environments, but complexity degrades aggregation and performance feedback can paradoxically worsen outcomes.
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Tool-augmented LLM agents achieve near-perfect tool selection and low hallucination on a 100-question financial benchmark , Anton Kolonin, Alexey Glushchenko, Evgeny Bochkov, Abhishek Saxena (benchmark, descriptive) - Delegating quantitative tasks to verifiable tools yields high-fidelity answers on a financial benchmark, underscoring the value of structured tool use in regulated numerics.
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Replica audit of college early-warning system finds demographic flagging disparities amplified by post-processing , Kelly McConvey, Dipto Das, Maya Ghai, Angelina Zhai, Rosa Lee, Shion Guha (replica audit, medium evidence) - An audit of a deployed risk model finds over-flagging of younger, male, and international students and under-identification of others, with percentile-based post-processing worsening disparities.
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Global AI research polarizes around US and China with distinctive regional alignments , Luca Gallo, Riccardo Di Clemente, Balázs Lengyel (bibliometric network analysis, medium evidence) - Thirty-year publication networks indicate intensifying US–China poles, shaping standards, collaborations, and talent flows.
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Industry peers' AI adoption drives focal firms' adoption, with peer-group effects stronger than leader effects , Siyu Shao, Jianjun Yang, Ling Zhang (panel study, medium evidence) - Peer adoption within industries strongly predicts a firm’s uptake, implying diffusion strategies should leverage cluster dynamics rather than rely solely on top-down exemplars.
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Review: AI shifts IT roles toward hybrid technical and socio-emotional skills rather than wholesale replacement , D. Gohel, Janak H. Maru (systematic review, medium evidence) - Demand rises for blended technical, communication, and coordination skills, prioritizing reskilling and organizational readiness.
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Review: AI can either entrench or reduce gender gaps depending on bias, org practices, and targeted interventions , Jay Patel (narrative review, medium evidence) - Gender outcomes hinge on bias-aware tools and supportive practices like mentorship and targeted training.
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Agentic coding tasks consume far more tokens and are highly variable and model-dependent , Longju Bai, Zhemin Huang, Xingyao Wang, Jiao Sun, Rada Mihalcea, Erik Brynjolfsson, Alex Pentland, Jiaxin Pei (instrumentation/measurement study, medium evidence) - Token spend (units of model input that drive compute billing) is large and stochastic across models and tasks, so cost does not reliably signal quality.
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Shapley explanation variants raise confidence but do not improve analyst performance—and may fuel automation bias , Inês Oliveira e Silva, Sérgio Jesus, Iker Perez, Rita P. Ribeiro, Carlos Soares, Hugo Ferreira, Pedro Bizarro (quasi-experimental user study, medium evidence) - Feature-attribution explanations (Shapley methods) increase user confidence without improving accuracy in high-stakes analysis, creating risk of misplaced trust.
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Hybrid learning system automates cable insertion and soldering with near-human throughput and high quality in a live factory run , Yunho Kim, Quan Nguyen, Taewhan Kim, Youngjin Heo, Joonho Lee (field deployment, medium evidence) - Live factory results show learning-based controllers can meet production-grade reliability for constrained tasks with minimal data.
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Game-theoretic model shows low-type contestants engage in benchmark hacking; prize skew can deter hacking , Xiaoyun Qiu, Yang Yu, Haifeng Xu (theoretical + empirical, framework) - Contest design that concentrates rewards can reduce overfitting to leaderboards and improve generalization in the model.
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Two-timescale AEL yields higher Sharpe and lower variance on a portfolio benchmark via memory + reflective updates , Wujiang Xu, Jiaojiao Han, Minghao Guo, Kai Mei, Xi Zhu, Han Zhang, Dimitris N. Metaxas (algorithmic benchmark, medium evidence) - Combining memory retrieval with reflective updates produces more stable, risk-adjusted returns on a portfolio task, a signal for algorithmic trading research.
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Survey: agentic AI promises efficiency and liquidity gains but creates novel stability and compliance risks , Irene Aldridge, Jolie An, Riley Burke, Michael Cao, Chia-Yi Chien, Kexin Deng, Ruipeng Deng, Yichen Gao, Olivia Guo, Shunran He, Zheng Li, George Lin, Weihang Lin, Percy Lyu, Alex Ng, Qi Wang, Hanxi Xiao, Dora Xu, Yuanyuan Xue, Sheng Zhang, Sirui Zhang, Yun Zhang, Sirui Zhao, Xiaolong Zhao, Yihan Zhao, Waner Zheng (comprehensive survey, descriptive) - The survey suggests agentic systems could alter market microstructure and compliance burdens, warranting proactive monitoring.
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LSTM + MILP coupling cuts inventory costs and stockouts and raises service levels in textile/PPE datasets , Nusrat Yasmin Nadia, Md Habibul Arif, Habibor Rahman Rabby, Md Iftekhar Monzur Tanvir, Md. Jakir Hossen, M. F. Mridha (applied experiment, medium evidence) - Integrated forecasting and optimization (long short-term memory plus mixed-integer linear programming, MILP) reduces costs in tests, suggesting firms should trial end-to-end pipelines.
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Theoretical reformulation: autonomy-conditioned welfare restores Pareto efficiency under delegation and verification institutions , Elija Perrier (theoretical, framework) - A welfare model that incorporates machine autonomy highlights institutional prerequisites for efficient delegation in the theoretical setting.
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Digital tech adoption raises supply-chain visibility and resilience; visibility mediates two-thirds of the effect , Selorm Aniwa (survey and structural equation modeling (SEM), medium evidence) - Firm surveys link IoT/AI/blockchain adoption to resilience largely via better visibility; statistical mediation accounts for around two-thirds of the estimated association.
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China's AI pilot zones improve manufacturing ESG performance via R&D intensity and compliance pressure , Yi Cao, Zhou Lan, Jie Dong, Ling Cao (multi-period difference-in-differences, medium evidence) - Policy zones are associated with improved ESG metrics, especially for non-state and high-tech firms, through innovation and regulatory channels.
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Systematic review: routine jobs face automation risk while knowledge sectors see augmentation and reskilling needs , Shrivastava Anshul, P Rohit Kumar, Sharma Anil Kumar (systematic review, medium evidence) - Sectoral patterns imply targeted reskilling rather than uniform labor policy.
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6,000-session SWE-chat dataset shows bimodal coding behavior and limited agent code survival , Joachim Baumann, Vishakh Padmakumar, Xiang Li, John Yang, Diyi Yang, Sanmi Koyejo (dataset/descriptive) - A software engineering (SWE)-chat dataset reveals that agents either dominate or sit idle, and less than half of their code persists, raising questions on net productivity.
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Provenance audit shows government AI summaries underrepresent dissent and exclude 15–17% of participants , Sachit Mahajan (applied framework + empirical test, medium evidence) - A provenance-based audit finds official AI summaries of a national consultation miss dissenting views and omit participants, signaling representational risks.
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Disclosure-based AI adoption index associates with better audit quality via transparency and internal controls , Akomolehin Fo, Oluwaremi Jb, Aluko Or, Famoroti Jo (correlational/SEM, medium evidence) - Among Nigerian listed firms, higher reported AI use is associated with better audit outcomes, partly through improved transparency and controls.
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BEA-based proxies suggest AI is productivity-enhancing and input-saving but results are sensitive to timing , Tina Highfill, Jon D. Samuels (industry accounts quasi-experimental, medium evidence) - Early industry-account proxies based on the Bureau of Economic Analysis (BEA) indicate AI is associated with productivity gains and input savings, although estimates hinge on timing and identification choices.
Emerging Patterns
Infrastructure and diffusion - The best causal evidence this week is the fiber–connectivity link: plausibly exogenous fiber access is associated with higher AI uptake and, through that channel, with higher firm productivity and exports, especially for small and software-heavy firms. Survey and national-accounts work align directionally, suggesting digital tools improve resilience and measured productivity, but macro estimates remain sensitive to timing and proxies. Policy environments matter as well, with pilot zones associated with better ESG through R&D and compliance. Editorially, this points to diffusion as a place-based phenomenon, where connectivity, proximity to compute, and policy incentives shape who can adopt. The tension is timing: firms can see short-run margin pressure even as productivity and export intensity improve, which complicates headline assessments of “AI success.”
Deployment, governance and accountability - Across a systematic review and three applied audits, the efficiency–legitimacy trade-off is consistent: algorithmic tools streamline routine work and forecasting, but post-processing choices, explanation aids, and summarization can amplify disparities or suppress dissent. A replica audit finds percentile thresholds worsen demographic imbalances in student risk flags, and a human-centered study finds Shapley feature attributions increase analyst confidence without improving accuracy, a recipe for automation bias. Participatory provenance methods reveal underrepresentation in public consultations, indicating evaluation must extend beyond model accuracy to pipeline-level inclusion. The emerging playbook is operational: mandate audits that test outcomes after post-processing, build provenance into civic systems, and calibrate explanations for decision quality rather than user satisfaction.
Agent design, costs, and human–AI interaction - Task-specific performance is evident—LLMs resist motivated framing in fraud tests and tool-augmented agents achieve high-fidelity financial answers on benchmarks—but reliability hinges on design choices. Iterative “self-correction” appears helpful only when the error-introduction rate (how often a step adds mistakes) stays below a threshold relative to error-correction capacity, and many current models sit outside that safe zone; a “verify-first” check can flip the sign. Memory and architecture tweaks, like deterministic projection memory, are associated with improved precision and auditability, yet operator data show agent runs are costly and stochastic, with token spend varying widely by model. Experimental markets caution that information aggregation breaks as environments get complex and performance feedback can backfire, tempering optimistic claims from surveys about financial agents. Editorially, procurement should treat agents as software plus controls: instrument, monitor, and budget before scale.
Labour, skills and distributional effects - Reviews converge on a familiar pattern: routine roles face automation risk, while knowledge work skews toward augmentation that values hybrid technical and socio-emotional skills. Gender outcomes remain contingent on organizational practice and bias-aware tools, not technology alone. On the firm side, connectivity-driven adoption benefits concentrate in larger and tech-proximate regions, and a panel from KOSDAQ suggests a transition period where margins dip even as markets reward some adopters. This mix argues for targeted reskilling, regionally tuned infrastructure, and temporary support to smooth adoption costs, rather than blanket prescriptions.
Claims to Watch
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Connectivity moves the needle (established) - Better broadband is associated with increased firm AI adoption and linked to gains in productivity and exports in Turkey (in the study sample). - Implication: Treat last-mile connectivity and compute proximity as core industrial policy for AI diffusion.
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LLMs as fraud guardrails outperform humans (established) - In preregistered scenarios, models never endorsed fraud and resisted motivated framing more than human advisors. - Implication: Regulators and firms can pilot AI co-advisors with audits and escalation paths in financial compliance.
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The AI J-curve in firm finances (suggestive) - Panel evidence from KOSDAQ indicates operating margins fall after adoption while valuation rises mainly in ICT. - Implication: Expect short-run cost overhangs; design staged adoption, tax treatment, and support to bridge to medium-term gains.
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Post-processing can amplify bias (suggestive) - A replica audit finds percentile thresholds in a real pipeline increased demographic disparities in student flagging. - Implication: Require pipeline-level fairness tests that include thresholds, calibration, and human-in-the-loop policies.
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Tool use beats raw reasoning for quantitative tasks (descriptive) - Financial QA with tool-augmented agents shows near-perfect tool selection and low hallucination on the benchmark. - Implication: For regulated numerics, mandate verifiable tools and logging over free-form model computation.
Methods Spotlight
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Pipeline routing as an instrument for fiber connectivity — Digital Infrastructure, AI Adoption, and Firm Performance - Uses natural-gas pipeline routing as plausibly exogenous variation in fiber rollout, enabling cleaner causal estimates of connectivity on adoption and performance.
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Control-theoretic Markov diagnostic for self-correction — When Does LLM Self-Correction Help? - Provides a measurable threshold based on error-introduction and error-correction rates to predict when iterative refinement helps, plus a practical verify-first intervention.
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Participatory provenance audit — Participatory provenance as representational auditing for AI-mediated public consultation - Combines optimal transport, causal tools, and semantic matching to quantify how public inputs map to AI-generated summaries, enabling representational fidelity audits.
The Week Ahead
- Prioritize place-based connectivity investments and pair with skills programs to unlock SME AI adoption outside tech hubs.
- Bake deployment diagnostics (error-introduction/correction, verify-first prompts) and auditable memory into procurement checklists before scaling agents.
- Require pipeline-level fairness and provenance audits for high-stakes deployments, including post-processing and summarization steps.
- Instrument and budget agent runs with token-cost telemetry and model comparisons to avoid cost overruns without quality gains.
- Structure transitional support—grants, tax credits, staged rollouts—to manage short-run margin dips while tracking medium-term productivity outcomes.
Reading List
- Digital Infrastructure, AI Adoption, and Firm Performance * — https://doi.org/10.2139/ssrn.6612860
- Large Language Models Outperform Humans in Fraud Detection and Resistance to Motivated Investor Pressure — https://arxiv.org/abs/2604.20652
- Artificial Intelligence, Public Policy and Governance - implications for Economic Management and Political Systems — https://doi.org/10.9734/jsrr/2026/v32i44140
- FETS Benchmark: Foundation Models Outperform Dataset-specific Machine Learning in Energy Time Series Forecasting — https://arxiv.org/abs/2604.22328
- When Does LLM Self-Correction Help? A Control-Theoretic Markov Diagnostic and Verify-First Intervention — https://arxiv.org/abs/2604.22273
- Ideological Bias in LLMs' Economic Causal Reasoning — https://arxiv.org/abs/2604.21334
- The Dynamic Causal Effects of Corporate AI Adoption on Profitability and Market Value : An Empirical Analysis of KOSDAQ Panel Data — https://doi.org/10.54794/enesg.2026.6.2.135
- Stateless Decision Memory for Enterprise AI Agents — https://arxiv.org/abs/2604.20158
- Information Aggregation with AI Agents — https://arxiv.org/abs/2604.20050
- Time Series Augmented Generation for Financial Applications — https://arxiv.org/abs/2604.19633
- Fairness Audits of Institutional Risk Models in Deployed ML Pipelines — https://arxiv.org/abs/2604.19468
- Polarization and Integration in Global AI Research — https://arxiv.org/abs/2604.17602
- Following the Herd or the Bellwether: Peer Effects in Firms’ AI Adoption — https://doi.org/10.1109/TEM.2026.3679763
- The Impact of AI on Employability and Evolving Job Roles of IT Professionals — https://doi.org/10.1109/IMED68921.2026.11484269
- Artificial Intelligence and GenderedEmployment: Reviewing Opportunities andChallenges for Women in Emerging TechnologySectors — https://doi.org/10.36948/ijfmr.2026.v08i02.74249
- How Do AI Agents Spend Your Money? Analyzing and Predicting Token Consumption in Agentic Coding Tasks — https://arxiv.org/abs/2604.22750
- Rethinking XAI Evaluation: A Human-Centered Audit of Shapley Benchmarks in High-Stakes Settings — https://arxiv.org/abs/2604.22662
- Learning-augmented robotic automation for real-world manufacturing — https://arxiv.org/abs/2604.22235
- On Benchmark Hacking in ML Contests: Modeling, Insights and Design — https://arxiv.org/abs/2604.22230
- AEL: Agent Evolving Learning for Open-Ended Environments — https://arxiv.org/abs/2604.21725
- Agentic Artificial Intelligence in Finance: A Comprehensive Survey — https://arxiv.org/abs/2604.21672
- Hybrid Deep Learning Approach for Coupled Demand Forecasting and Supply Chain Optimization — https://arxiv.org/abs/2604.21567
- Post-AGI Economies: Autonomy and the First Fundamental Theorem of Welfare Economics — https://arxiv.org/abs/2604.21216
- The Role of Digital Technologies in Enhancing Supply Chain Visibility and Resilience — https://doi.org/10.7753/ijcatr1504.1005
- The Impact of National New-Generation Artificial Intelligence Innovation and Development Pilot Zone Construction on ESG Performance of Manufacturing Enterprises — https://doi.org/10.3390/su18094190
- AI and the Future of Job Profiles: A systematic Review of Sectoral Job Transformation, Risks and Future Impacts — https://doi.org/10.59256/ijire.20260702036
- SWE-chat: Coding Agent Interactions From Real Users in the Wild — https://arxiv.org/abs/2604.20779
- Participatory provenance as representational auditing for AI-mediated public consultation — https://arxiv.org/abs/2604.20711
- Artificial Intelligence Adoption in Financial Reporting and Audit Quality: Evidence from Nigerian Listed Firms — https://doi.org/10.62225/2583049x.2026.6.2.6061
- Early Estimates of the Impact of AI Within BEA’s Industry Economic Accounts — https://doi.org/10.66137/pevz1322