Bank of England Pours Cold Water on AI Productivity Boom

DiarioBitcoin

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The Bank of England estimates that AI increased British productivity by just 0.5% in three years, while business spending continues to grow and the costs of some inputs already pressure imports.

CursDeGuvernare.ro

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A study carried out by the Bank of England shows that the large-scale introduction of artificial intelligence has so far produced only a modest increase in the productivity of British companies – of about 0.5% cumulated in the last three years. This in the conditions in which the financial sector has already been affected by a wave of redundancies and reductions [...] Article Study of the Bank of England: Artificial intelligence has increased th…