Artificial Intelligence in Research and Development

Benjamin Jones

No 34312, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: How much can AI accelerate progress in different research fields? This paper shows that three features—the share of research tasks AI performs, the productivity of AI at those tasks, and the strength of bottlenecks—are key determinants of AI’s implications in any area, from cancer therapeutics to software design. The model maps changes in AI capabilities to research outcomes, quantifies the “marginal returns to intelligence,” and shows how AI can shift returns to R&D investment. Concepts like superintelligence, Powerful AI, and Transformative AI are further engaged and disciplined. Finally, the framework sets a measurement agenda linking AI benchmarks to field-specific opportunities for accelerating progress.

JEL-codes: O3 (search for similar items in EconPapers)
Date: 2025-10
Note: PR
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