eicker@lemmy.world to Technology@lemmy.worldEnglish · 5 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-square54linkfedilinkarrow-up1585arrow-down16
arrow-up1579arrow-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 · 5 days agomessage-square54linkfedilink
minus-squarejaykrown@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down7·3 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-squaresudoshakes@reddthat.comlinkfedilinkEnglisharrow-up6·3 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
minus-squarepinball_wizard@lemmy.ziplinkfedilinkEnglisharrow-up3·3 days agoHere’s the productivity gains: https://marketoonist.com/2023/03/ai-written-ai-read.html
minus-squarejaykrown@lemmy.worldlinkfedilinkEnglisharrow-up2·3 days agohttps://www.epi.org/productivity-pay-gap/
minus-squareEncrypt-Keeper@lemmy.worldlinkfedilinkEnglisharrow-up3·3 days agoFrom the article (And OPs title) “there are still no signs of AI boosting productivity growth.”
I don’t believe this at all, the way it works is not completely direct, but through productivity gains that are harder to measure.
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
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)