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If a company can survive the upheaval caused by the adoption of artificial intelligence, AI will help it thrive in the longer run, a study presented at a European Central Bank conference has found.
Its authors, who used data from the US Census Bureau and surveys covering the period between 2017 and 2021, found early adopters of AI in the manufacturing sector saw their productivity drop as they replaced human workers with robots.
Their findings go against prevailing narrative suggesting that AI makes work more productive and “augments” jobs in many…
