All great general purpose technology changes produce huge booms and huge busts.
In this view, AI is what economic historians consider a “general-purpose technology.” These are inventions like the steam engine, electricity, and the internal-combustion engine. Eventually they transformed how we lived and worked. But businesses had to be reinvented, and other complementary technologies had to be created to exploit the breakthroughs. That took decades.
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— Read on www.technologyreview.com/s/611482/the-productivity-paradox/