Each week new examples emerge of AI performing software development tasks, spurring predictions of mass layoffs of developers, perhaps before the end of the year. But, perhaps surprisingly, the number of software developers continues to grow robustly, adding over 400,000 jobs since ChatGPT was introduced in 2022. Why? Our data show that AI has, in […]
TPRI Executive Director James Bessen was the keynote speaker at the recent International Labour Organization webinar in its AI for Good series titled “What Will AI Do to Our Work?” Bessen challenged widespread fears that AI will cause mass unemployment. Instead he argued that AI has the potential to improve job quality, create new opportunities, […]
By Florian Ederer, Regina Seibel, and Timothy Simcoe
This article investigates how acquisitions of startups by major technology companies like Amazon, Apple, Google, Microsoft, and others affect innovation.
By Huasheng Gao, Po-Hsuan Hsu, and Yuxi Wang
Many countries established their second-tier stock exchanges following the idea and format of NASDAQ in order to promote entrepreneurship and high-tech startups.
By James Bessen and Felix Poege
Is it better to work for a startup or a well-established large company? Is it better to dive into a startup’s dynamic, fast-paced world, where close-knit teams are the norm and every day brings a new, exciting challenge?
By Carlos J. Serrano and Rosemarie H. Ziedonis
Venture capital-backed startups are fertile sources of patented inventions, yet they often go out of business. Ewens & Farre-Mensa (2022) report that up to 40 percent of startups that received VC financing between 1992 and 2009 shut down and were terminated at a loss.
By Yoshiki Ando
Among all newly established firms in the United States since 1980, only around 0.2% of them have raised venture capital (VC) financing. Nonetheless, VC-backed firms accounted for more than 10% of net employment growth and more than 15% of net payroll growth in the economy.
By Jennifer Hunt, Iain Cockburn, and James Bessen
The extent to which geographic distance is a barrier to technological knowledge transfer is of interest to governments of countries distant from centers of knowledge creation or technology production; to entrepreneurs deciding where to locate a new firm that will need to remain abreast of technological developments; and to national or local policy-makers seeking to influence the decisions of such entrepreneurs.
By Cäcilia Lipowski
Currently, 70% of U.S. firms report difficulties in hiring skilled labor (Manpower Group, 2024), and labor scarcity is expected to aggravate in the future due to demographic change.
By Shubhranshu Shekhar, Jetson Leder-Luis, and Leman Akoglu
Hospitals often face financial incentives to overbill or commit fraud in order to maximize their reimbursements.