The US National Bureau of Economic Research has published the most extensive study to date on the use of artificial intelligence by international companies.
Economists from the US and British central banks and Stanford University surveyed 6,000 senior managers in the corporate sector across the US, UK, Germany and Australia.
The result: Even after three years of access to AI, companies report that artificial intelligence has had a negligible impact on their productivity and employment. More than four-fifths of those surveyed admitted that AI has not affected these two factors in their organisations.
Companies expect a more significant impact over the next three years. However, the outlook remains modest. Productivity is projected to rise by 1.4 per cent, production by 0.8 per cent, and employment to fall by 0.7 per cent.
