eicker@lemmy.world to Technology@lemmy.worldEnglish · 8 days agoTop Economist Finds That AI Has Provided “Zero Financial Payoff” to Companies Outside Tech: "There are still no signs of AI boosting productivity growth."futurism.comexternal-linkmessage-square52linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkTop Economist Finds That AI Has Provided “Zero Financial Payoff” to Companies Outside Tech: "There are still no signs of AI boosting productivity growth."futurism.comeicker@lemmy.world to Technology@lemmy.worldEnglish · 8 days agomessage-square52linkfedilink
minus-squarejaykrown@lemmy.worldlinkfedilinkEnglisharrow-up0·6 days agoI don’t believe this at all, the way it works is not completely direct, but through productivity gains that are harder to measure.
minus-squarepinball_wizard@lemmy.ziplinkfedilinkEnglisharrow-up0·6 days agoHere’s the productivity gains: https://marketoonist.com/2023/03/ai-written-ai-read.html
minus-squarejaykrown@lemmy.worldlinkfedilinkEnglisharrow-up0·6 days agohttps://www.epi.org/productivity-pay-gap/
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up0·6 days agoFrom the article (And OPs title) “there are still no signs of AI boosting productivity growth.”
minus-squaresudoshakes@reddthat.comlinkfedilinkEnglisharrow-up0·6 days agoProductivity here is not just speed. It’s cost to get the speed. If a manufacturer can spend a trillion dollars and get 100000% faster throughout, their consumption model may not fit that need. Just because marketing can go 1000% faster doesn’t mean the business is 1000% more profitable given the costs
I don’t believe this at all, the way it works is not completely direct, but through productivity gains that are harder to measure.
Here’s the productivity gains: https://marketoonist.com/2023/03/ai-written-ai-read.html
https://www.epi.org/productivity-pay-gap/
From the article (And OPs title)
Productivity here is not just speed. It’s cost to get the speed.
If a manufacturer can spend a trillion dollars and get 100000% faster throughout, their consumption model may not fit that need.
Just because marketing can go 1000% faster doesn’t mean the business is 1000% more profitable given the costs