These people are saying it is there too. Though I am not quite sure what they (or anyone, for that matter) mean by AI:
First, we argue that AI can already be seen in productivity statistics for the United States. The production and use effects of software and software R&D (alone) contributed (a) 50 percent of the 2 percent average rate of growth in US nonfarm business labor productivity from 2017 to 2024 and (a) 50 percent of its 1.2 percentage point acceleration relative to the pace from 2012 to 2017. Second, taking additional intangibles and data assets into account, we calculate a long-run contribution of AI to labor productivity growth based on assumptions that follow from the recent trajectories of investments in software, software R&D, other intangibles, and productivity growth in both US and Europe. Our central estimates are that AI will boost annual labor productivity growth by as much as 1 percentage point in the United States and about .3 percentage point in Europe.
That is from Bontadini, Corrado, Haskel, and Jona-Lasinio, here is the complete abstract online.
Tuesday assorted links
1. AI as palm reader? 2. “why we need to train models to learn their own capabilities, and how this...
Saturday assorted links
1. Hedging the singularity? 2. Claude doing stand-up comedy, the video is AI too. 3. Thirty more lines from Empedocles...
The exposed counties (from my email)
Professor Cowen, Built a county-level AI displacement model across all 3,204 US counties. Top 5 most exposed counties are all...
That was then, this is now
At the advent of a more aggressive Persian Gulf policy on the part of Iran during the interwar years, the...
