Seminar: Johan Chu on AI and Durable Dominance in Markets

The Knight Science Journalism program at is excited to welcome Dr. Johan Chu of the Sloan School of Management at MIT.

The Internet and now AI drastically lower the barriers to entry to markets. Within a few months, for example, you may be able to create cinema-quality video without actors, cameras, or access to physical locations. You can already distribute videos globally at minimal cost. How does this affect dominant incumbents? I argue—based on simulation models and empirical evidence from competition among mutual funds, Hollywood actors, K-pop artists, scientific ideas, sports teams, etc.—that this democratization of access will entrench current dominants. I also discuss potential countermeasures to weaken this durable dominance.

Please contact Learning and Events Coordinator Claire Sadar if you are interested in attending.