Summary:
The book explores the economic implications of artificial intelligence, framing AI as a drop in the cost of prediction, which transforms decision-making across various industries. It delves into how businesses can strategically leverage AI to gain competitive advantages, manage uncertainty, and navigate the evolving landscape of data-driven decision-making.
Key points:
1. AI for Cheaper Predictions: AI, especially machine learning, lowers the cost of making predictions. This allows businesses to use AI for more decisions, changing how they operate.
Books similar to "Prediction Machines":
![](/books/9b/9b00fb973a.jpg)
Prediction Machines, Updated and Expanded
Ajay Agrawal|Joshua Gans|Avi Goldfarb
![](/books/31/31f158256f.jpg)
The Automation Advantage
Bhaskar Ghosh|Rajendra Prasad|Gayathri Pallail
![](/books/ad/adc452a800.jpg)
The AI Advantage
Thomas H. Davenport
![](/books/c7/c7ea24d652.jpg)
The AI-Powered Enterprise
Seth Earley
![](/books/78/7830ac44ca.jpg)
What To Do When Machines Do Everything
Malcolm Frank|Paul Roehrig|Ben Pring
![](/books/08/089e85ae56.jpg)
You Look Like a Thing and I Love You
Janelle Shane
![](/books/7a/7a55438858.jpg)
Architects of Intelligence
Martin Ford
![](/books/07/070d917859.jpg)
The AI Economy
Roger Bootle
![](/books/f1/f167a2bf00.jpg)
Humans Need Not Apply
Jerry Kaplan
![](/books/af/af739fbbc0.jpg)
The Age of AI
Henry A Kissinger|Eric Schmidt|Daniel Huttenlocher