Als Vortragenden dürfen wir Gordon Phillips (Tuck School of Business, Dartmouth College) begrüßen.

Er wird sein Paper "The Impact of Cloud Computing and AI on Industry Dynamics and Competition" (joint with Yao Lu and Jia Yang) vorstellen.

Abstract: We examine the rise of cloud computing and AI in China and their impact on industry dynamics after a shock to the cost of Internet-based computing power. We find that cloud computing is associated with an increase in firm entry, exit, the likelihood of merger, and equity financing. Conversely, AI adoption has no impact on entry but reduces the likelihood of exit and merger. Firm size plays a crucial role in these dynamics: cloud computing increases exit rates across all firms, while larger firms benefit from AI, experiencing reduced exit rates. Cloud computing decreases industry concentration, but AI increases concentration.

Das Brown Bag Seminar findet am 20.August 2024 von 12:00-13:00 Uhr im Raum D3.0.222 statt.