AIFortuneabout 2 hours ago
Fed study: AI productivity gains fit historical pattern
6 min read
A Federal Reserve Bank of St. Louis study of nearly 490,000 earnings calls finds AI has not yet boosted aggregate productivity. Authors Serdar Ozkan, Aakash Kalyani, and Nicholas Sullivan note AI may create invisible gains by making output cheaper and less valuable. Diffusion typically takes 20 to 30 years.
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