Deutsche Bank analyst Jim Reid says any broad productivity gains from artificial intelligence are likely to take years to show up in the economy. Reid’s assessment, as reported by Bloomberg and Moneyweb, is based on the pace at which past technologies translated into measurable economic benefits. While both sources note that AI could eventually improve productivity significantly, Reid argues that the timing is uncertain and that near-term impacts on overall productivity are not yet evident. In the interviews, Reid frames his view on AI and jobs as being influenced by economic history, suggesting that even when new technologies are adopted, their full effect on productivity and labour outcomes typically unfolds gradually. Taken together, the reports emphasize that Reid is not dismissing AI’s potential, but rather highlighting delays between the introduction of advanced tools and the point when they generate widespread, economy-wide gains. The sources agree that productivity improvements, if they materialize, are more likely to appear in the longer term than in the immediate future.
Deutsche Bank’s Jim Reid Says AI Productivity Gains Likely Years Away
Deutsche Bank analyst Jim Reid says any broad productivity gains from artificial intelligence are likely to take years to show up in the economy. Reid’s assessment, as reported by Bloomberg and Moneyw...
- Deutsche Bank analyst Jim Reid says AI productivity gains are likely to occur years from now.
- Both reports say Reid expects AI could improve productivity significantly over time.
- Reid’s view is influenced by economic history and how earlier technologies affected the economy.
- The impact of AI on overall productivity and jobs is described as not immediate.
'My view on AI and jobs is slightly skewed by what economic history tells us,' he said.
4 hours agoArtificial intelligence is likely to enhance productivity signficantly but any such impact on economies may still be years away, Deutsche Bank analyst Jim Reid said.
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