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Article Summary:
Who: Erik Brynjolfsson is a Professor at Stanford and the Director of the Stanford Digital Economy Lab at the Institute for Human-Centered AI (HAI). He is one of the most widely-cited researchers studying the digital economy and co-author of five books including The Second Machine Age.
Topic: Stanford’s recently released Ai Index Report 2021, which he co-authored.
Quote: “We describe the digital capital iceberg as follows: 9/10 of what an organization invests goes to changing processes and only 1/10 on hard technologies like AI.”