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AI has the potential to increase productivity from "summary" of The Economics of Artificial Intelligence by Ajay Agrawal,Joshua Gans,Avi Goldfarb
AI's ability to automate routine tasks and streamline processes has the potential to significantly boost productivity in various industries. By taking over repetitive and time-consuming tasks, AI can free up human workers to focus on more complex and creative aspects of their jobs. This division of labor between humans and machines can lead to increased efficiency and output. Furthermore, AI can analyze vast amounts of data at speeds far beyond human capacity, enabling businesses to make more informed decisions in a shorter amount of time. This data-driven decision-making process can optimize resource allocation, mitigate ri...
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