Friday, May 10, 2024

Generative AI to Boost Productivity, Skill Creation, Report - Ben Wodecki, Jr., AI Business

MIT, Google-authored report likens generative AI’s transformative potential to electricity. Despite being early in its life cycle, generative AI is already providing users with sizable productivity gains the report suggests. The technology will “increase and spread as people and organizations come up with complementary innovations that leverage generative AI’s capabilities.” The report referenced an OpenAI estimation that generative AI solutions could enable 80% of U.S. workers to perform at least 10% of their tasks twice as quickly. Generative AI could scale faster than other general-purpose technologies as the existing digital infrastructure is already in place, the report claims.