Jun 25, 2026
The Capitol Forum hosted a conference call with Jessica Wachter, Dr. Bruce I. Jacobs Professor of Quantitative Finance at the Wharton School and Research Associate at the National Bureau of Economic Research, to discuss her recent paper, co-authored with Jonathan Wachter, What Investment Data Implies About the AI Transition.
The discussion explored the economic assumptions underlying today’s AI investment boom, including the level of productivity growth needed to justify current spending, historical comparisons, and the potential implications for interest rates if productivity gains fall short of expectations.
