Journalism begins where hype ends

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We can only see a short distance ahead, but we can see plenty there that needs to be done.” "

—Alan Turing

AI-Exposure in Companies Is a Priced Risk, Not a Reward: Yale-NBER Study

The researchers Aleh Tsyvinski ,Nicola Borri and Yukun Liu analysed 380 trillion AI tokens generated across more than 400 large language models using licensed data from OpenRouter.

A new NBER working paper by researchers from Yale, Luiss and Rochester analyses 380 trillion tokens of realized AI consumption from OpenRouter to show that investors demand a premium of 64.1 basis points per week to hold companies most exposed to AI.