An Economic Perspective
The document discusses the impact of intense competition in creative labor markets on incomes and job prospects. It highlights how digitalization and content platforms have reshaped business models in creative sectors. The entry of tech giants like Amazon and Apple into the industry with competitive advantages is noted. Challenges in adopting artificial intelligence (AI) include skill shortages, computational power, and data access limitations. The role of intellectual property in AI poses legal and incentive challenges for creative innovation.
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