48 Pages Posted: 27 Jun 2022
Date Written: June 20, 2022
Can artificial intelligence (AI) uncover new ideas? As machines are learning fast and becoming increasingly intelligent, can AI not only automate the production function of goods and services, but also of ideas? Economic growth arises from people creating ideas, and thus an affirmative answer to these questions may have drastic implications for a host of important issues. Yet, to date, there is no empirical evidence showing that AI can in fact generate tabula rasa ideas that improve human understanding. Using as an exogenous shock the introduction of AlphaZero, we provide the first causal evidence of the impact of unsupervised AI on the production function of ideas. Specifically, AlphaZero is considered a milestone of scientific progress in AI research. This program rediscovered ideas known in centuries of human chess, and created new ideas as well. We study world experts at the frontier of knowledge and find that at least the player with the highest classical rating in the history of chess learned and adopted new ideas uncovered by AlphaZero. Other players may have also done the same. We contend that obtaining evidence of the impact of AI on the production function of ideas is a necessary first step to think about AI's impact on the innovation and research processes that drive the advancement of knowledge and economic growth.
Keywords: Ideas, Artificial Intelligence, Skills.
JEL Classification: J24, O31, O40.
Suggested Citation: Suggested Citation