The productivity paradox – MIT Technology Review

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.

The mission of MIT Technology Review is to equip its audiences with the intelligence to understand a world shaped by technology.
— Read on www.technologyreview.com/s/611482/the-productivity-paradox/

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