Artificial Intelligence

July 15th, 2024

How is AI Really Impacting Jobs? A Nuanced Approach

Many studies have attempted to estimate the potential effects of technological change on employment and the labor market in France. In March 2024, Emmanuel Macron received the first report from the Committee on Generative Artificial Intelligence, which partly utilizes the recent study by HEC economics professor Antonin Bergeaud. The report concludes that jobs directly replaceable by AI would only represent 5% of the jobs in a country like France, and automation could affect between 10% and 20% of workers, with a high prevalence among managers. In this article, we present the results of these analyses in context.

By Antonin Bergeaud

Artificial Intelligence

March 08th, 2024

5 minutes

AI Can Level Global Playing Field

Artificial Intelligence is revolutionizing all fields of business, forcing academics and practitioners to revise their fundamentals. To discuss these new challenges, HEC Associate Professor Carlos Serrano and his colleague Thomas Åstebro organized a groundbreaking workshop inviting some of the world’s top researchers to compare their approach to those of leading industrialists. In our latest Breakthroughs, we discuss some of the takeaways with Serrano, an academic in the school’s Department of Economics and Decision Sciences.

Associate Professor

Entrepreneurship and Economics

Artificial Intelligence

September 18th, 2023

Taking The Help or Going Alone: Students Do Worse Using ChatGPT

How good are students at using tools like ChatGPT? In particular, can they properly evaluate and correct the responses provided by ChatGPT to enhance their performance? An experiment on HEC Paris students set to find out. Its results contribute to the debate on the consequences of the use of ChatGPT in education, and in work in general.

CNRS Research Professor

Economics and Decision Sciences

Artificial Intelligence

August 29th, 2023

How AI Can Help Figure Out When Hospital Patients Need Intensive Care

When hospital patients unexpectedly take a turn for the worse and must be transferred to the intensive care unit (ICU), they are more likely to die or must spend a longer time in the hospital. But research by Julien Grand-Clément, Assistant Professor in Information Systems and Operations Management at HEC Paris and chair holder at the Hi! PARIS Center, and colleagues in the U.S. from Columbia University and the Kaiser Permanente Northern California Division of Research, suggests that a mathematical model commonly used in Artificial Intelligence (AI) can help doctors predict patients’ decline and transfer them to the ICU proactively, before their health condition deteriorate critically.

By Julien Grand-Clément

Artificial Intelligence

July 17th, 2023

Make AI Your Ally: Editorial

Artificial Intelligence has a potentially disruptive impact on organizations, firms, and society at large. The latest mind-boggling illustration came with the discovery of chatGPT’s mesmerizing results in November 2022. This followed a fall of investments in AI last year in Silicon Valley. From analyzing data in one’s business to increasing customer engagement and replacing humans in routine tasks across industries, AI is becoming more relevant to our lives and economy every day. Everyone talks about it, but do we really understand its opportunities and threats? And how can we make the best out of it, whilst ensuring that ethical requirements are met?

Professor, Scientific Co-Director of Hi! PARIS

Economics and Decision Sciences

Artificial Intelligence for Business & Society

Make AI Your Ally

July 15th, 2023

Artificial Intelligence

July 03rd, 2023

Nudges and Artificial Intelligence: for Better or for Worse?

The latest developments in artificial intelligence are often allied to the prospect of a better world, with more powerful, more rational algorithms straightening out human flaws. The idea often floated is that public policy will be more effective because it will be better informed and more responsive. Likewise, it is said that medicine will deliver speedier, more accurate diagnoses. But where are we when it comes to the subject of consumption? Can algorithms be used to steer consumers towards better, more enlightened – and less impulsive – choices? Why not? Online assessments about a product or service, for instance, help information flow more smoothly. But we are also heading down a new path: myriad algorithms are now the power behind “nudges”, those fine details about the shopping environment that insidiously guide the choices made by consumers.

CNRS Research Professor

Economics and Decision Sciences

Artificial Intelligence

March 17th, 2023

Using Innovations on Social Media for More Engagement? Be Aware of The Cultural Differences

According to Instagram, more than 500 million Instagram accounts use Stories every day, with four million businesses using Stories ads every month. But Stories may not universally have the impact that influencers and social media platforms hope they will, of increasing engagement, and revenues, respectively. HEC Paris researchers Reza Alibakhshi and Shirish C. Srivastava share their learnings of their investigation into the impact of Stories on follower engagement with influencers.

By Reza Alibakhshi , Shirish Srivastava

Artificial Intelligence

November 04th, 2022

Future of Finance: How Are New Technologies Reshaping the Sector?

The advent of digital technologies has created a very new and vastly different financial landscape. Today's buying and selling of securities is conducted mostly by computer programs that react within nanoseconds – faster than any human could – to the subtlest market fluctuations. In a new report published by the Centre for Economic Policy Research (CEPR), Professor of Finance Thierry Foucault comes to grips with how technologies are fundamentally changing the way banks, brokers, exchanges, and dealers do their work, and what it means for investors, for privacy and income inequalities.

By Thierry Foucault

Artificial Intelligence

November 02nd, 2022

How AI is Affecting VC Funding of Innovative Startups

Artificial Intelligence adoption by investors might hinder the allocation of capital to breakthrough innovations. Learn more in this interview with Maxime Bonelli, PhD student in Finance at HEC Paris, on his dissertation. Maxime focuses on the real effects of new technologies and human capital in the financial sector, to help us better understand how the industrial organization of the financial sector affects the real economy.

PhD Student

Finance