AI may take decades to lift economy-wide productivity
It took a generation for full electrification benefits to raise economy-wide productivity; the same may be true for AI
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In this article
- Microsoft's USD13bn AI spending
- Orders of magnitude
- Example of an AI winner
- Rising commercial interest
- Speedy progress
- Full materialisation of benefits takes time
- Resolving the 'computer productivity paradox'
- Outlook
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
