New study by the National Bureau of Economic Research: A survey of 6000 CFOs, CEOS throughout US, Europe, UK and Australia comes to the conclusion that businesses predict that "AI" will improve productivity by a whopping 1.4%.

[tante@tldr.nettime.org]

New study by the National Bureau of Economic Research: A survey of 6000 CFOs, CEOS throughout US, Europe, UK and Australia comes to the conclusion that businesses predict that "AI" will improve productivity by a whopping 1.4%. Truly earth shattering.

Firm Data on AI

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.

NBER (www.nber.org)

[anderslund@expressional.social]

@tante 100% worth that no ordinary people/organisations can buy computer parts

[tante@tldr.nettime.org]

Oh and most companies report no productivity gains in the last 3 years but that cannot surprise anyone by now.

[stockach@gruene.social]

@tante

"so much" more productivity?

unbelievable.

[tante@tldr.nettime.org]

@stockach after three years creating literally no gains. But this time it's surely gonna work

[bkastl@mastodon.social]

@tante sounds like worth burning the planet

[stockach@gruene.social]

@tante

Sounds like the never-ending story of nuclear fusion (the break-through is always just 10 years away).

[kate@social.treehouse.systems]

@tante but in 6 months it will take all of our jobs!!!1!!1!

[maker@woods.secretbearsociety.org]

@tante I remember all those headache inducing non sense conversations with directors, C-something dudes, managers when trying to define "software productivity". No one could agree and, despite all good sense and examples, they mostly stuck to the good old "productivity is how many lines of code are written and software is pushed to prod".

None of this includes meaningful software, quality code, user impact, etc. so yes spaghetti code generators will improve a certain definition of productivity

[kirakira@furry.engineer]

@tante isnt a four day week more effective than that, lmao

[nakob@anarchism.space]

@tante Does this include the 100% productivity gains that electricity companies will have due to AI?

[nilz@norden.social]

@stockach @tante

I still hear that "we must learn how to use it right" , that AI keeps getting better and better but the organisations learning curve is too slow. Go visit a prompting seminar!

Ha ha

[amorpheus@kind.social]

@tante The current purpose of AI goes beyond economics.

[q@goeppingen.social]

@tante not sure who created the study but it's wrong.
I know incoming raged response of AI sycophancy with insults by backwood neckbeards

[ftranschel@norden.social]

@tante I'd wager that even the 1.4 percent go away once you account for people simply behaving differently with AI available - and it obviously will turn negative once the skill dependencies are fully established for "power users".

[tante@tldr.nettime.org]

@q you can check out the results and comments. What do you think the researchers did wrong? Did the CEOs lie?

[ftranschel@norden.social]

@Amorpheus @tante That may very well be, but it is much harder to measure.

This result alone is the nail on the coffin of scaling, because in order to offset the investment frenzy, not even ~10% net gains would be enough. And there is not even a *hint* that this'd be true for edge cases such as coding where arguably one could *assume* some real gains to be found.

[ftranschel@norden.social]

@nakob @tante Productivity != profitability.

[amorpheus@kind.social]

@ftranschel @tante Yet knowing that ai is not profitable enough to legitimize the effort, they all continue their agenda. I wonder why.

Are they stupid or do they see revenue where the market does not?

Now this is just a thought, not a conviction...

If the current ai hype proceeds, it will become an unvaluable tool for worldwide surveilance and oppression.

[vladimir_lu@hachyderm.io]

@nilz @stockach @tante Is a “prompting seminar” like a visit to an “untherapist” (where you shout loudly and randomly at passers by that you are perfectly fine)