Artificial Incrementalism: The Measured March of the Machines

Artificial Incrementalism: The Measured March of the Machines

The latest projection from the OECD, a club of rich nations, suggests artificial intelligence will eventually add a modest 0.3–0.7 percentage points to annual US productivity growth over the next decade. So not the Technological Singularity. Indeed, the forecast falls short of the internet + personal computer boom of the late 20th century, which delivered twice that punch in the 1990s. And to be sure, it’s easy to find far more aggressive foreca…