In this episode of Chaptered Minds, we explore Prediction Machines by Ajay Agrawal, Joshua Gans, and Avi Goldfarb, a compelling analysis of the economic implications of artificial intelligence. Our AI hosts discuss how AI, at its core, is a powerful prediction tool that lowers the cost of making predictions, and how this impacts industries, decision-making, and business models. This episode highlights key insights into how companies can harness the power of AI to improve productivity, reduce costs, and innovate in a rapidly changing marketplace. Tune in for a deep dive into the economics of AI and its transformative potential for business and society.