
Prediction Machines
The Simple Economics of Artificial Intelligence
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Narrated by:
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LJ Ganser
About this listen
"What does AI mean for your business? Read this book to find out." (Hal Varian, Chief Economist, Google)
Artificial intelligence does the seemingly impossible, magically bringing machines to life - driving cars, trading stocks, and teaching children. But facing the sea change that AI will bring can be paralyzing. How should companies set strategies, governments design policies, and people plan their lives for a world so different from what we know? In the face of such uncertainty, many analysts either cower in fear or predict an impossibly sunny future.
But in Prediction Machines, three eminent economists recast the rise of AI as a drop in the cost of prediction. With this single, masterful stroke, they lift the curtain on the AI-is-magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, managers, policy makers, investors, and entrepreneurs.
When AI is framed as cheap prediction, its extraordinary potential becomes clear: Prediction is at the heart of making decisions under uncertainty. Our businesses and personal lives are riddled with such decisions. Prediction tools increase productivity - operating machines, handling documents, communicating with customers. Uncertainty constrains strategy. Better prediction creates opportunities for new business structures and strategies to compete.
Penetrating, fun, and always insightful and practical, Prediction Machines follows its inescapable logic to explain how to navigate the changes on the horizon. The impact of AI will be profound, but the economic framework for understanding it is surprisingly simple.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2018 Ajay Agrawal, Joshua Gans, Avi Goldfarb (P)2018 Audible, Inc.Listeners also enjoyed...
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Machine learning systems are both complex and unique. Complex because they consist of many different components and involve many different stakeholders. Unique because they're data dependent, with data varying wildly from one use case to the next. In this book, you'll learn a holistic approach to designing ML systems that are reliable, scalable, maintainable, and adaptive to changing environments and business requirements. Author Chip Huyen, cofounder of Claypot AI, considers each design decision in the context of how it can help your system as a whole achieve its objectives.
By: Chip Huyen
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All-in on AI
- How Smart Companies Win Big with Artificial Intelligence
- By: Tom Davenport, Nitin Mittal
- Narrated by: Derek Dysart
- Length: 6 hrs and 48 mins
- Unabridged
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Written by bestselling author Tom Davenport and Deloitte's Nitin Mittal, All-In on AI looks at artificial intelligence at its cutting edge from the viewpoint of established companies like Anthem, Ping An, Airbus, and Capital One. Filled with insights, strategies, and best practices, All-In on AI also provides leaders and their teams with the information they need to help their own companies take AI to the next level.
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Examples are Focus
- By marc mccluskey on 02-27-24
By: Tom Davenport, and others
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The Big Nine
- How the Tech Titans and Their Thinking Machines Could Warp Humanity
- By: Amy Webb
- Narrated by: Amanda Dolan
- Length: 9 hrs and 35 mins
- Unabridged
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In this book, Amy Webb reveals the pervasive, invisible ways in which the foundations of AI - the people working on the system, their motivations, the technology itself - is broken. Within our lifetimes, AI will, by design, begin to behave unpredictably, thinking and acting in ways which defy human logic. The big nine corporations may be inadvertently building and enabling vast arrays of intelligent systems that don't share our motivations, desires, or hopes for the future of humanity.
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Interesting but Frustrating
- By Kathy on 03-26-19
By: Amy Webb
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How to Create a Mind
- The Secret of Human Thought Revealed
- By: Ray Kurzweil
- Narrated by: Christopher Lane
- Length: 10 hrs and 4 mins
- Unabridged
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In How to Create a Mind, Ray Kurzweil presents a provocative exploration of the most important project in human-machine civilization: reverse-engineering the brain to understand precisely how it works and using that knowledge to create even more intelligent machines. Kurzweil discusses how the brain functions, how the mind emerges, brain-computer interfaces, and the implications of vastly increasing the powers of our intelligence to address the world’s problems.
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not useful
- By Michael N. on 11-17-22
By: Ray Kurzweil
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HBR's 10 Must Reads on Managing Yourself, Vol. 2
- HBR's 10 Must Reads Series
- By: Harvard Business Review
- Narrated by: Steve Menasche, Teri Schnaubelt
- Length: 4 hrs and 57 mins
- Unabridged
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Get more of the management ideas you want, from the authors you trust. With insights from leading experts, this book will inspire you to identify areas for personal growth; assess your strengths, work preferences, values, and contributions; build your skill set and stay relevant; develop learning agility; map out a plan for where you'd like your career to go - both short and long term; find fulfillment in your work; and prepare for your next opportunity.
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Not Volume 2
- By Amazon Customer on 05-30-21
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Artificial Intelligence
- A Guide for Thinking Humans
- By: Melanie Mitchell
- Narrated by: Abby Craden, Melanie Mitchell, Tony Wolf
- Length: 9 hrs and 33 mins
- Unabridged
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In Artificial Intelligence, Mitchell turns to the most urgent questions concerning AI today: How intelligent - really - are the best AI programs? How do they work? What can they actually do, and when do they fail? How humanlike do we expect them to become, and how soon do we need to worry about them surpassing us? Along the way, she introduces the dominant methods of modern AI and machine learning, describing cutting-edge AI programs, their human inventors, and the historical lines of thought that led to recent achievements.
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Start understanding AI right here!
- By Chad M. on 01-26-20
By: Melanie Mitchell
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The AI-Savvy Leader
- Nine Ways to Take Back Control and Make AI Work
- By: David De Cremer
- Narrated by: David Marantz
- Length: 6 hrs and 24 mins
- Unabridged
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AI is coming fast and will affect every part of a business, including the role of the leader. And up until now, leaders have largely ceded their role in the transformation-pushing determination of strategy out to tech teams and leaving investment decisions with groups that don't have a full view of the organization. Just when responsible leadership is more imperative than ever, leaders are not stepping up to understand and execute in the new world of human-machine collaboration. A generation of AI transformation failures awaits if leaders don't connect their use of AI to their strategies.
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Irritating Narrator
- By Tony P on 10-24-24
By: David De Cremer
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The Deep Learning Revolution
- By: Terrence J. Sejnowski
- Narrated by: Shawn Compton
- Length: 8 hrs and 5 mins
- Unabridged
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The deep-learning revolution has brought us driverless cars, the greatly improved Google Translate, fluent conversations with Siri and Alexa, and enormous profits from automated trading on the New York Stock Exchange. Deep-learning networks can play poker better than professional poker players and defeat a world champion at Go. In this book, Terry Sejnowski explains how deep learning went from being an arcane academic field to a disruptive technology in the information economy.
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Probably the best audio book available on Deep Learning
- By Charlie on 03-01-19
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The Complete AI Advantage Collection
- The 3 in 1 Collection to Harness the Power of Artificial Intelligence, Gain a Competitive Edge, and Boost Efficiency Through Automation
- By: Samuel Thorpe
- Narrated by: Tom Brooks
- Length: 14 hrs and 33 mins
- Unabridged
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Unlock the Future: The Complete AI Advantage CollectionAre you ready to harness the transformative power of Artificial Intelligence (AI) to stay ahead in a rapidly evolving world? The Complete AI Advantage Collection combines three essential guides—The Essential Beginner’s Guide to AI, The AI in Business Advantage, and Master ChatGPT Effortlessly—to give you the tools, strategies, and confidence to navigate and thrive in the age of AI.
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Made AI Feel Way Less Intimidating
- By L.R on 04-23-25
By: Samuel Thorpe
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Rebooting AI
- Building Artificial Intelligence We Can Trust
- By: Gary Marcus, Ernest Davis
- Narrated by: Kaleo Griffith
- Length: 7 hrs and 24 mins
- Unabridged
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Two leaders in the field offer a compelling analysis of the current state of the art and reveal the steps we must take to achieve a truly robust artificial intelligence. Taking inspiration from the human mind, professors Gary Marcus and Ernest Davis explain what we need to advance AI to the next level, and suggest that if we are wise along the way, we won't need to worry about a future of machine overlords. Rebooting AI provides a lucid, clear-eyed assessment of the current science and offers an inspiring vision of how a new generation of AI can make our lives better.
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Not very technical
- By jason on 04-30-20
By: Gary Marcus, and others
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Genius Makers
- The Mavericks Who Brought AI to Google, Facebook, and the World
- By: Cade Metz
- Narrated by: John Lee
- Length: 9 hrs and 59 mins
- Unabridged
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What does it mean to be smart? To be human? What do we really want from life and the intelligence we have, or might create? With deep and exclusive reporting, across hundreds of interviews, New York Times Silicon Valley journalist Cade Metz brings you into the rooms where these questions are being answered. Where an extraordinarily powerful new artificial intelligence has been built into our biggest companies, our social discourse, and our daily lives, with few of us even noticing.
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difficult listen
- By LEE on 03-17-21
By: Cade Metz
What listeners say about Prediction Machines
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- Edward Lewis
- 08-19-20
Excellent SWOT analysis of AI
This well narrated book offers a great point and counterpoint of artificial intelligence from a technological and social science perspective that informs and provokes important and relevant thought.
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1 person found this helpful
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- Dan Collins
- 05-24-20
AI, Economics and You
As a technology professional I recommend this book to both the technical savvy and the curious. Prediction machines are too ubiquitous for us not to be more familiar with their peril and their promise.
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- J. Cabrera
- 07-21-24
Unlock the Future
C-suite executives and strategy teams, it's time to transform your decision-making process. Dive into "Prediction Machines" by Ajay Agrawal, Joshua Gans, and Avi Goldfarb, a groundbreaking exploration of AI's impact on business strategy. This book demystifies AI, showing how prediction technology can streamline operations, optimize resource allocation, and enhance strategic planning.
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- Kristopher
- 06-19-19
Intriguing yet grounded exploration of the present and near-future economic impact of machine-learning.
The authors provide a balanced account of the trade offs inherent in the growth and adoption of machine learning. The book serves as an excellent resource for those wishing to better orient their thinking regarding the immediate economic opportunities and challenges present in the utilization of this promising technology.
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- Salem
- 01-12-24
easy-to-digest “ML for business practitioners”
The book "Prediction Machines" by Ajay Agrawal , Joshua Gans, and Avi Goldfarb strikes an ideal balance between technical and non-technical aspects, making it accessible to both AI enthusiasts and business practitioners. The authors effectively demystify AI technology, presenting it in an easily digestible manner with a business-oriented perspective. Their goal is to serve as a bridge between AI and business, and they succeed admirably in achieving this objective.
The book delves into the impact of prediction machines on the economy and guides readers through five essential steps: prediction, decision-making, tools, strategy, and society. One highlight is the AI canvas, a valuable tool that aids business owners in understanding how AI can address their specific challenges. Reminiscent of the "Business Model Canvas," this framework adds an AI-specific dimension.
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- Amazon Customer
- 01-15-24
Helpful
This book is a great stepping stone to start learning about the AI and its impact.
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- RobW
- 03-25-19
super timely and relevant for new tech today
introduced me to how AI works, how its trained, and economic factors and tradeoffs to consider. I learned a lot from this book.
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1 person found this helpful
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- K. Verstegen
- 05-12-19
The economist view is sharp as usual.
This was a quick listen and provided a clear, high level point of view
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- Tim Crespin USA
- 08-15-20
Timely and broadly relevant
Laid out so anyone can understand, the economic view of AI will prove to be one of the most general and future-proof perspectives on its effects on our society.
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- David K. van Hoose
- 04-26-19
Alexa is more than a music player
Machines like Alexa, Apps like Fitbit, Smart Phones etc our world is changing because of the data being collected, allowing learning better predictions and performance.
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