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'There's a tsunami coming! It will be here in 10 minutes.<8 minutes pass> 'Still no sign of any tsunami, fearmonger.'
In our paper, we found it's because most firms aren't using AI much at all. And these "low-intensity" see no difference from control. High-intensity firms see 10% growth over two years, but that's a small set of firms using the most advanced tools.
Replying to @arakharazian
Our main result: firms that adopt AI grow headcount 10% over two years. Two caveats. 1. Growth subject to a minimum threshold: "Low" adopters, we defined as the bottom two terciles of per employee per month, spend on AI see no change in hiring. High adopters spend ~$30 per
I don't think this will age well. Yes people still choose to make decisions, what else are they going to do justify their position both to themselves and to their bosses?
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