Mar 27, 2024

The Economist: "technological breakthroughs take ages to pay off"

Previous technological breakthroughs have revolutionized what people do in offices. (example: typewriter in lates 1800s, rise of computer a century later; more recently the rise of work at home)...  Could generative AI prompt similarly profound changes?  A lesson of previous technological breakthroughs is that, economywide, they take ages to pay off.  The average worker at the average firm needs time to get used to new ways of working.  The productivity gains from the personal computer did not come until at least a decade after it became widely available.  So far there is no evidence of an AI-induced productivity surge in the economy at large.

~ "Meet your copilot: The inside view of how companies are using generative AI," The Economist, March 2, 2024



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