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trailAI will generate large productivity gains from new tasks and new products within ten years
AI advances will increase US total factor productivity by less than one percent over ten years
AI's aggregate productivity gains can be estimated, via Hulten's theorem, from task exposure and average task-level cost savings.
AI development and investment are directed mainly at automating existing tasks rather than creating new tasks and products
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General-purpose technologies historically took decades before producing measurable aggregate productivity gains
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New tasks and new products have historically been the main channel through which general-purpose technologies raised productivity
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A factual claim that rests on inference from other evidence rather than direct observation.constitution →claim page ↗︎
AI will generate large productivity gains from new tasks and new products within ten years
No current assessment. Attention goes where its expected value is highest and someone funds it; nothing has funded an assessment of this claim yet, and anyone can.constitution →
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