Artificial intelligence (AI) is transforming various industries by improving market efficiency. This technology has made it possible to save time and money in areas such as leasing cars, fixing leaky taps, and even answering medical questions for parents with fussy babies.
In the finance sector, AI can help investors access pay-outs from catastrophe bonds, including a significant payout for Jamaica following Hurricane Melissa. Additionally, AI-powered tools are being used to analyze global markets and fuel investment in countries like India.
The rise of state capitalism is also becoming more prominent in America, with China exploring ways to secure food, fuels, and metals through stockpiles. Furthermore, a counterintuitive aspect of cigarette manufacturing reveals how the industry profits from quitters, highlighting the complex relationship between technology and consumer behavior.
As AI continues to advance, it’s likely that its impact on market efficiency will only grow, leading to new opportunities for businesses and individuals alike.
Source: https://www.economist.com/finance-and-economics/2025/10/27/the-end-of-the-rip-off-economy