A recent study by CEPR (an independent, non-partisan pan-European think tank) found that among the 12,000 surveyed companies, AI adoption led to a labor productivity increase of 4% on average, with no reported short-term negative impact on employment. Studies on this subject across the world are all over the place – with many having a hard time finding any measurable impact of AI on productivity, and some claiming rather drastic negative impacts on employment. As most of these studies are conducted in the US, it is nice to see a study from a different part of the world.
The productivity dividends from AI depend not merely on acquiring the technology but on firms’ capacity to integrate it through investments in intangible assets and human capital. […] An additional percentage point spent on training amplifies AI’s productivity gains by 5.9 percentage points.
