Innovation and Entrepreneurship from the Stone Tool to Artificial Intelligence创新创业从石器到人工智能/创新创业史
Cambridge University

TextbookInnovation and Entrepreneurship from the Stone Tool to Artificial Intelligence
Author(s): Yosef Bonaparte

Description:
This course explores the importance of innovation and entrepreneurship to nations and people. Innovation is not simply a matter of making things easier, but one of shifting power; when a nation is more innovative, said nation gains strategic power. The coursebook encompasses three sections. Section 1 focuses on the origins of innovation and entrepreneurship, covering the three economic revolutions: agricultural, industrial and technological, current revolutions and the fall and rise of nations, and the historical background of several empires. Section 2 of the cooursebook focuses on the most recent innovation, Artificial intelligence, and its financial impact on stocks and exchange-traded funds (ETFs). Section 3 focuses on academics and the classroom, and highlights the importance of educational innovation.


The coursebook encompasses three sections, and each section contains two chapters. Chapter 1 in section 1 focuses on innovation and entrepreneurship from the origin, covering the three economic revolutions, the agricultural, industrial and technological (the current) revolutions and focuses on the rise and fall of banks as an analogy for the impact of these revolutions. Chapter 2 in section 1 analyzes the fall and rise of nations and covers the historical background of several empires. The chapter also focuses on recent data relating to innovation across nations and countries as well as across states.
Section 2 of the book focuses on the most recent innovation, artificial intelligence and its financial impact on stocks and ETFs. Specifically, chapter 3 first defines and explains what is AI technology, as well as a subset of this technology, namely, machine learning, generative AI, etc.  Chapter 4 presents analyses on how to valuate stocks based on AI exposure and presents two valuation methods, the fundamental and behavioral methods.
Section 3 focuses on the academic and classroom contexts; namely, the educational part of the book. Specifically, in chapter 5 we present research on the gender gap and its impact on women’s entrepreneurship decisions and show that the greater the wage gap, the higher is the propensity for women to become entrepreneurs. Chapter 6 presents a class in innovation and entrepreneurship from the economics and finance syllabus, and we also present survey results on students’ views about innovation, fintech, AI and ChatGPT.