Guangzhou Bank Rolls Out Loans Priced by AI Token Usage
Guangzhou banks now set credit limits by AI token usage under a new 'Token Loan' program, with a 28 million yuan pilot in Haizhu District.
AI economy News and Analysis
5 verified stories covering AI economy, product updates and industry developments.
AI wealth tightens San Francisco housing
The AI boom is pushing San Francisco rents and home prices higher, with vacancy in prime neighborhoods falling from 13% in 2020 to about 3%.
Fed Incorporates AI Adoption Rate into Economic Tracking
A new Federal Reserve working paper finds that measuring the same thing—AI adoption in US businesses—with three different methods yields three different numbers: 18%, 41%, or 78%. All are correct but answer different questions, signaling that AI's macroeconomic impact has entered the policy arena.
Anthropic: AI Could Theoretically Handle 94% of Programming Tasks
Anthropic's new research introduces "observed exposure," a measure that distinguishes what AI can theoretically do from what it is actually doing in the workplace. The study finds that while 94% of programming tasks are technically feasible for AI, only 33% are currently being performed by it, and that high-exposure jobs tend to employ more educated, higher-paid workers and more women.
OpenAI proposes three plans for the AI economy
OpenAI has released a policy proposal advocating for a public wealth fund, a tax on AI profits, and subsidies for a four-day work week, sparking debate on how to distribute the gains of artificial intelligence.