Hisham Alrayes, CEO of GFH Financial Group, said China is prioritizing open models to spread AI's gains across its economy.

We develop and estimate a parsimonious New-Keynesian small open-economy model that incorporates Diagnostic Expectations (DE)—a behavioral alternative to Rational Expectations (RE). Under DE, agents ...

Even as concern and skepticism grows over U.S. AI startup OpenAI's buildout strategy and high spending commitments, Chinese open source AI providers are escalating their competition and one has even ...

Toward the end of March, OpenAI said it intended to release its first “open” language model since GPT‑2 sometime this year. Now, details about that model are beginning to trickle out from the ...

Abstract: This paper develops a small open economy model in which entrepreneurs partially finance investment using foreign currency–denominated debt subject to an external finance premium. We use ...