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The Economics of Generative AI

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Applications of Generative AI

Abstract

The chapter focuses on the economic aspects of generative AI. It looks at the cost–benefit analysis of generative AI implementation in a company, delves into the automatability of tasks by generative AI, evaluates its substitution, enhancement (augmentation) and transformational effects, discusses it economic limitations and its micro-and macroeconomic implications. The analysis will be helpful to managers and owners who consider the adoption of generative AI by their organisations.

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Authors and Affiliations

  1. Varna University of Management, 13A Oborishte Str, 9000, Varna, Bulgaria

    Stanislav Ivanov

  2. Zangador Research Institute, 9010, Varna, Bulgaria

    Stanislav Ivanov

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  1. Stanislav Ivanov
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Correspondence to Stanislav Ivanov .

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Editors and Affiliations

  1. Department of Game Design, Uppsala Universitet, Visby, Sweden

    Zhihan Lyu

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Ivanov, S. (2024). The Economics of Generative AI. In: Lyu, Z. (eds) Applications of Generative AI. Springer, Cham. https://doi.org/10.1007/978-3-031-46238-2_25

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  • DOI: https://doi.org/10.1007/978-3-031-46238-2_25

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-46237-5

  • Online ISBN: 978-3-031-46238-2

  • eBook Packages: Computer ScienceComputer Science (R0)

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