AI's productivity payoff remains elusive despite rapid advances
TL;DR Summary
AI is advancing rapidly and solving complex tasks (even aiding theoretical physics), but its impact on measured output and productivity remains limited so far, echoing the Solow paradox that breakthrough capabilities don't yet translate into broad productivity gains.
Topics:business#artificial-intelligence#economics#finance-and-economics#productivity#solow-paradox#theory-physics
- The AI productivity boom is not here (yet) The Economist
- Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago Fortune
- An AI Productivity Boom? Don’t Count Your (Productivity Data) Chickens The Budget Lab at Yale
- How AI is affecting productivity and jobs in Europe CEPR
- Corporate AI Isn't Actually Making (or Saving) Very Much Money extremetech.com
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