Introduction
Rapid advances in the field of artificial intelligence have profound implications for the
economy as well as society at large. These innovations have the potential to directly influence
both the production and the characteristics of a wide range of products and services, with
important implications for productivity, employment, and competition. But, as important as
these effects are likely to be, artificial intelligence also has the potential to change the innovation
process itself, with consequences that may be equally profound, and which may, over time, come
to dominate the direct effect.