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Miquel Noguer Alonso

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#diffusion models Open access Aug 2026

The Economics of Artificial Intelligence: Scaling, Verification, Assignment, Capital, Growth, and Value

This paper develops the economics of artificial intelligence as a single connected structure, from the physics of the production function to the aggregate growth constraint and the valuation of the firms building and adopting it. Part I derives the cost of capability from scaling laws, shows why deployed models are sys...

Miquel Noguer Alonso · 0 citations

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