Thursday, May 29, 2025

Is AI a "General Purpose Technology?" Your Assessment Might Hinge on That



Google's chief economist, Fabien Curto Millet thinks generative AI is "the most exciting thing technologically I've seen in my lifetime." 

We might disagree on the degree of importance, or the timing of impact, but lots of us believe AI is going to be a general-purpose technology, and that always leads to disruption. 

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NBER Study Finds "No Productivity Impact" from AI So Far (And Nobody Should be Surprised)

Maybe we should not be surprised that studies of AI productivity often show few results so far. A recent study published by the National Bu...