F&D Magazine

Carl Benedikt Frey on AI and Growth

CARL BENEDIKT FREY

September 4, 2025

Courtesy of Carl Benedikt Frey

In This Episode

As tech innovation, particularly in the field of AI, is increasingly focused on a few key players, the industries benefiting from these tools have also become more concentrated, which Carl Benedikt Frey says could weigh on growth. Frey is an associate professor of AI and Work at Oxford University, and his latest book, How Progress Ends, suggests that waves of technological and economic progress are often followed by stagnation. In this podcast, Frey says the concentration of AI-using industries will push the direction of technological change further towards automation rather than product innovation. Transcript

Read his article in the IMF's Finance & Development magazine

CARL BENEDIKT FREY is the Dieter Schwarz Associate Professor of AI and Work at Oxford University. This article draws on his most recent book, How Progress Ends: Technology, Innovation, and the Fate of Nations.

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