Top 9 Ajay Agrawal Quotes (2024 Update)

Ajay Agrawal Quote: “What will new AI technologies make so cheap? Prediction. Therefore, as economics tells us, not only are we going to start using a lot more prediction, but we are going to see it emerge in surprising new places.”

1. “What will new AI technologies make so cheap? Prediction. Therefore, as economics tells us, not only are we going to start using a lot more prediction, but we are going to see it emerge in surprising new places.”

— Ajay Agrawal

Ajay Agrawal Quote: “As AI takes over prediction, humans will do less of the combined prediction-judgment routine of decision making and focus more on the judgment role alone.”

2. “As AI takes over prediction, humans will do less of the combined prediction-judgment routine of decision making and focus more on the judgment role alone.”

— Ajay Agrawal

Ajay Agrawal Quote: “People should stop training radiologists now. It’s just completely obvious that within five years, deep learning is going to do better than radiologists.”

3. “People should stop training radiologists now. It’s just completely obvious that within five years, deep learning is going to do better than radiologists.”

— Ajay Agrawal

Ajay Agrawal Quote: “But we need to do more. We are now in The Between Times for AI – between the demonstration of the technology’s capability and the realization of its promise reflected in widespread adoption.”

4. “But we need to do more. We are now in The Between Times for AI – between the demonstration of the technology’s capability and the realization of its promise reflected in widespread adoption.”

— Ajay Agrawal

Ajay Agrawal Quote: “Before machine learning, multivariate regression provided an efficient way to condition on multiple things, without the need to calculate dozens, hundreds, or thousands of conditional averages. Regression takes the data and tries to find the result that minimizes prediction mistakes, maximizing what is called “goodness of fit.”

5. “Before machine learning, multivariate regression provided an efficient way to condition on multiple things, without the need to calculate dozens, hundreds, or thousands of conditional averages. Regression takes the data and tries to find the result that minimizes prediction mistakes, maximizing what is called “goodness of fit.”

— Ajay Agrawal

Ajay Agrawal Quote: “Prediction Machines is not a recipe for success in the AI economy. Instead, we emphasize trade-offs. More data means less privacy. More speed means less accuracy. More autonomy means less control.”

6. “Prediction Machines is not a recipe for success in the AI economy. Instead, we emphasize trade-offs. More data means less privacy. More speed means less accuracy. More autonomy means less control.”

— Ajay Agrawal

Ajay Agrawal Quote: “Just as electricity enabled decoupling the machine from the power source and thus facilitated shifting the value proposition from “lower fuel costs” to “vastly more productive factory design,” AI enables decoupling prediction from the other aspects of a decision and thus facilitates shifting the value proposition from “lower cost of prediction” to “vastly more productive systems.”

7. “Just as electricity enabled decoupling the machine from the power source and thus facilitated shifting the value proposition from “lower fuel costs” to “vastly more productive factory design,” AI enables decoupling prediction from the other aspects of a decision and thus facilitates shifting the value proposition from “lower cost of prediction” to “vastly more productive systems.”

— Ajay Agrawal

Ajay Agrawal Quote: “From religion to fairy tales, knowledge of the future is consequential. Predictions affect behavior. They influence decisions.”

8. “From religion to fairy tales, knowledge of the future is consequential. Predictions affect behavior. They influence decisions.”

— Ajay Agrawal

Ajay Agrawal Quote: “During the shopping process, Amazon’s AI offers suggestions of items that it predicts you will want to buy. The AI does a reasonable job. However, it is far from perfect. In our case, the AI accurately predicts what we want to buy about 5 percent of the time. We actually purchase about one of every twenty items it recommends. Considering the millions of items on offer, that’s not bad!”

9. “During the shopping process, Amazon’s AI offers suggestions of items that it predicts you will want to buy. The AI does a reasonable job. However, it is far from perfect. In our case, the AI accurately predicts what we want to buy about 5 percent of the time. We actually purchase about one of every twenty items it recommends. Considering the millions of items on offer, that’s not bad!”

— Ajay Agrawal

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