At one extreme, AI coding assistants have revolutionised the work of software developers. At the other extreme, most companies are seeing little if any benefit from their initial investments. A widely cited study from MIT found that so far, 95 per cent of generative AI projects produce zero return.
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The State of AI: when will we reach economic singularity?
The lack of immediate impact is just the normal lag associated with transformative new technologies. Erik Brynjolfsson, then an assistant professor at MIT, first described what he called the “productivity...
