April 2 (Bloomberg) -- Reuters reported today that a study in theEuropeResearch released at the central bank conference suggests that companies that survive the AI The changes brought about by AI will help it in the long run.
The research team analyzed data from the U.S. Census Bureau as well as survey results from 2017 to 2021 and found thatThe first companies in the manufacturing industry to introduce AI saw their productivity drop in the early stages.The main reason for this is that these companies have replaced some of their human workers with robots.
This finding runs counter to the prevailing view. It is commonly held thatAI can increase productivity and, in many cases, enhance employment, rather than simply replacing human jobs.
Speaking at the conference, the paper's author, Christine McElheran, said that in the short term, "it's not a small challenge." The reason for the drop in productivity is AI Changed the traditional way of operating in the manufacturing industryFor example, the low inventory management model has been disturbed.
Over time, however, these firms have outperformed their peers in terms of sales growth, productivity, and employment, provided they are able toSurviving the initial shock. "Staying alive is the key."
She also pointed out that thoseLong-established, larger companies often struggle to make this transitionand therefore failed to achieve similar growth. She and her research team analyzed data from 30,000 businesses over the study period AI adoption rate increased from 7.5% to 9.1%.
1AI has learned from reports that European Central Bank President Christine Lagarde opened the conference by saying that workers in Europe between 23% and 29% face significant impacts from AI, but thisDoesn't mean "jobs crisis"., because new jobs may keep popping up at the same time as the old ones are disappearing.
