In our fourth episode of the podcast, Professor Joshua Gans of the University of Toronto’s Rotman School of Management drops in to discuss the economics of artificial intelligence with Counterfactual host Charles Tingley. Professor Gans shares his expert insights to clarify the nature, power and limitations of AI when it comes to business applications and the potential to influence competitive conduct in the marketplace. In addition to canvassing the potential competition law implications of AI, discussion extends to broader societal implications of machine learning and even to the must-have gadget recommended by Professor Gans in case listeners are looking for that special holiday gift.