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Jul 16, 2023 · Summary: Using generative AI (like ChatGPT) in business improves users’ performance by 66%, averaged across 3 case studies. More complex tasks have bigger gains, and less-skilled workers benefit the most from AI use. We finally have quantitative data about the usability of generative AI systems like ChatGPT for real business tasks: three new ...
May 16, 2023 · Gain insights into the AI-powered productivity boom and understand how it is set to transform various sectors, paving the way for increased efficiency and economic advancement. On a recent Friday morning, one of us sat down in his favorite coffee shop to work on a new research paper regarding how AI will affect the labor market.
Oct 15, 2024 · AI can boost productivity through technological progress. Secondly, AI has the potential to revolutionize scientific discovery, and generate the technological progress that boosts future productivity. Already, AI-predicted protein-folding provides new insights in biomedical applications and AI-assisted discoveries of new drugs are helping with ...
Jun 27, 2023 · Generative AI can automate manual and repetitive tasks, freeing up human resources for more complex and creative tasks. For example, AI can be your personal assistant — scheduling meetings ...
May 2, 2024 · If AI can contribute to faster scientific advancement, this will add to productivity growth on top of the direct use of AI in businesses. In the area of health care, AI can read scans and point ...
Oct 19, 2023 · A new study on the impact of generative AI on highly skilled workers finds that when artificial intelligence is used within the boundary of its capabilities, it can improve a worker’s performance by nearly 40% compared with workers who don’t use it. AI at Work Research and insights powering the intersection of AI and business, delivered ...
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Dec 11, 2023 · Taking a broader view, Brynjolfsson says the study signals that generative AI will turbocharge productivity in the U.S. economy over the coming decade. He was so confident in his prediction that he placed a $400 bet on Longbets.org that non-agricultural productivity growth would average over 1.8% annually through 2029 (compared to the Congressional Budget Office estimate of less than 1.5%).