For all the hype, AI still hasn’t impacted the US economy

For all the hype, AI still hasn’t impacted the US economy

6 years ago
Anonymous $2WKDXfy9lA

https://qz.com/1292816/for-all-the-hype-ai-still-hasnt-impacted-the-us-economy/

There’s a suspicious absence of what many economists have expected from the AI boom happening in the US: a lift in productivity, and maybe a catastrophic loss of jobs.

Despite all the hype about AI redefining businesses and industries, a new report analyzing AI’s impact on the US economy, published May 29, says it’s still too early to tell what kind of impact the technology might have. The report’s authors, former Obama economic adviser Jason Furman and New York University professor Howard Seamans, write that gauging AI’s prospects for growing the economy might depend on whether it ends up having the market effect of a sensor, such as microphones or cameras, or an integrated circuit, the building blocks of modern computers.

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