UK launches AI Economics Institute chaired by Nobel laureate Simon Johnson to study labor and productivity impacts

Britain launches the AI Economics Institute, the first government-backed Institute of its kind in the world.

• Joint org between Treasury x DSIT, follows AISI model, incorporates DSIT’s Future of Work Unit.

• Professor Simon Johnson, Nobel Prize-winning economist, former Chief Economist of the IMF, and co-director of MIT’s Stone Center on Inequality and Shaping the Future of Work, will serve as Chair of the AIEI.

• AIEI will work with AI companies in support of evidence-based policymaking and responsible AI development, has agreed Joint Statement of Collaboration with Anthropic, OpenAI, Google + Microsoft.

• Not setting policy. Will build and analyse data on AI adoption, conduct research on how AI affects specific sectors, occupations and groups of workers, develop models to assess economy-wide impacts, and work closely with industry, academia and government to inform policy.