Artificial Intelligence, Scientific Discovery and Product Innovation

Artificial Intelligence, Scientific Discovery and Product Innovation

Author

Aidan Toner-Rodgers

Year
2024
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Artificial Intelligence, Scientific Discovery and Product Innovation

Aidan Toner-Rodgers (View Paper → )

AI-assisted researchers discover 44% more materials, resulting in a 39% increase in patent filings and a 17% rise in downstream product innovation. These compounds possess more novel chemical structures and lead to more radical inventions.

However, the technology has strikingly disparate effects across the productivity distribution: while the bottom third of scientists see little benefit, the output of top researchers nearly doubles.

Investigating the mechanisms behind these results, I show that AI automates 57% of "idea-generation" tasks, reallocating researchers to the new task of evaluating model-produced candidate materials. Top scientists leverage their domain knowledge to prioritize promising AI suggestions, while others waste significant resources testing false positives.

Together, these findings demonstrate the potential of AI-augmented research and highlight the complementarity between algorithms and expertise in the innovative process.

Survey evidence reveals that these gains come at a cost, however, as 82% of scientists report reduced satisfaction with their work due to decreased creativity and skill underutilization.

My thoughts…

  • To work successfully with AI we’ll need to get better at judgment and evaluation.
  • High-performing colleagues are going to become even more important when coupled with AI
  • AI might help us tackle bottlenecks in ideation and discovery, particularly in exploring new product lines or entering uncharted markets.
  • If replacing parts of your job with AI - make sure what’s left is meaningful.