While these devices are amenable to mass manufacturing due to their relatively simple architecture, they are also limited in the solar spectrum that they can exploit, which is set by the bandgap energy of their absorber. Photons that exceed the bandgap's energy excite the charge-carriers to energy levels above the bandgap, where upon the carriers quickly relax back (i.e., cooldown) to the bandgap edge, essentially dissipating all energy in excess of the bandgap. This innate process of rapid hot carrier cooling, preceding the carrier recombination at the bandgap's edge, is a major source of loss in semiconductor materials that limits their photovoltaic performance. [3] In single junction solar cells such losses set an efficiency limit of 33% -known as the Shockley-Queisser (SQ) limit [3b] -on the harvestable solar energy. Potentially pushing the solar cell efficiencies beyond this limit entails overcoming the narrow time window of carrier cooling (≈hundreds of femtoseconds, fs) and addressing the energy-level alignment mismatch preventing the effective extraction of hot carriers from the absorbing semiconductor. Recently, solar cells based on a low-temperature solutionprocessable class of absorbing semiconductors, known as metal halide perovskites, have been the subject of intense investigation. The initial interest in these materials stemmed from the impressive efficiencies that their solar cells could achieve, despite their simple processing routes, offering a prospect for a cheap yet efficient photovoltaic technology (current power conversion efficiency ≈23%). [4] However, the scope of halide perovskite optoelectronics has expanded to encompass photodetectors, [5] scintillators, [6] light emitting diodes, [7] and lasers. [8] Understanding the cooling dynamics of hot carriers is of relevance to all these applications, and utilizing (the currently unutilized) hot carriers is potentially beneficial (varying extent) to all the aforementioned optoelectronic technologies.The study of hot carrier dynamics in methylammonium lead iodide (CH 3 NH 3 PbI 3 , or MAPbI 3 )-an archetypal perovskite solar cell material-has received significant attention over the last several years. [9] With a few studies uncovering qualitatively different cooling behavior exhibited by perovskites in comparison to other conventional semiconductor materials used Charge-carriers photoexcited above a semiconductor's bandgap rapidly thermalize to the band-edge. The cooling of these difficult to collect "hot" carriers caps the available photon energy that solar cells-including efficient perovskite solar cells-may utilize. Here, the dynamics and efficiency of hot carrier extraction from MAPbI 3 (MA = methylammonium) perovskite by spiro-OMeTAD (a hole-transporting layer) and TiO 2 (an electron-transporting layer) are investigated and explained using both ultrafast electronic spectroscopy and theoretical modeling. Time-resolved spectroscopy reveals a quasiequilibrium distribution of hot carriers forming upon excess-energy excitation of the perovsk...