Generative AI and deceptive news consumption
研究了生成式人工智能对新闻媒体市场的影响，发现早期GenAI会诱使消费者将更多时间花在点击诱饵或假新闻等低价值内容上，降低福利，但技术达到一定门槛后消费者开始受益。
In this paper, we analyze the effects of advancements in generative Artificial Intelligence (GenAI) on the news media market. We model a representative consumer who allocates their time between reading news and deceptive articles. We find that GenAI may induce consumers to inefficiently reallocate their time and increase the consumption of the lower value good, i.e. deceptive content (clickbait articles or fake news). Therefore, early-stage GenAI distorts the incentives of consumers and reduces their welfare. After GenAI technology reaches a certain threshold, however, consumers start benefiting from its advancements. Finally, we find that the negative effects of early-stage GenAI are exacerbated as they induce a lower level of investment in news production.