Logical Economics Issue 2

Welcome to our second issue of Logical Economics; this termly publication has been designed by students for students to help better understand stories that happen around the world, with just a hint of Economic theory sprinkled in.

Technology has been the focus of this year to date. Previous gloom about recessions and cost of living have been on the back burner and now much of the focus has been on the buzzword of “AI”.

The race for competent AI, Machine Learning and Large Language Models has been hotting up and the impact of this has changed the face of several markets. The mighty dominance of Apple, Microsoft, Alphabet (Google) , Meta (Facebook) and Amazon has been reduced by the growing demand of GPUs and system architectures that underpin AI.

This change could see more competition in a once poorly contestable marketspace; Google may not be the most used search engine in the future; Meta may not be the world’s most used social media platform. As AI’s disruptive technology continues to change the shape of so many businesses/markets, we are going to see some interesting changes to how businesses operate as well as how we behave.

Continue to think critically and understand that as the world changes, we still will have a place in it; find you and yours.