Still, the best bet is that AI and other new technologies will eventually come to have a much larger impact on growth than they have up to now. It is well known that it can take a very long time for businesses to reimagine productive processes to exploit new technologies: railroads and electricity are two leading examples.He is discussing the new theories on AI and whether we will see productivity growth.
The answer is that the new AI will micro price everything and we will count activity previously uncounted. What happens after that depends on the counts that are now hidden from us.
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