When firms create new products or new innovations they want to have an idea towards whom they should market the product. The diffusion of innovation theory looks at the different groups that accept ...

A few years ago, a new kind of AI called a diffusion model appeared. Today, it powers tools like Stable Diffusion and Runway Gen-2, turning text prompts into high-quality images and even short videos.

Joel Mokyr is recognised for clarifying the historical preconditions for sustained progress. Aghion and Howitt show how ...

The introduction of a new product is an important time for the business that invests in its development and promotion. New products can generate interest and customers or, in the case of a failed ...

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Text-to-image AI exploded this year as technical advances greatly enhanced the fidelity of art that AI systems could create. Controversial as systems like Stable Diffusion and OpenAI’s DALL-E 2 are, ...

Stability AI has announced Stable Diffusion 3, the latest and most powerful version of the company’s image-generating AI model. While details are scant, it’s clearly an attempt to fend off the hype ...

Why are some nations rich while others remain poor? It’s one of the oldest—and most consequential—questions in economics. The ...