The Bank of Korea just released a report about AI productivity

I am sorry for sharing an article from a Korean website that you might not be familiar with. But South Korea is the only country currently making a lot of money from the AI boom. BigTech in the USA are paying huge amounts of money to buy semiconductor chips from Samsung and SK Hynix. Since it comes from a country like that, this report on AI productivity might be more reliable than articles from the United States. If you want to check the details, you might want to use a translation tool. According to the article: By using AI at work, you can reduce your workload by about 3.8 percent every week. That equals about one hour saved per week. But if you ask whether saving one hour a week leads to more profit, the report says no. The connection between time saved and higher productivity is zero. AI helps you write reports much faster, but this leads to writing even more reports. Because of this, the time spent reporting and reviewing work continues to grow. Also, even if you use that saved hour for new tasks, you do not get extra pay for it. Even if everything worked perfectly without these problems, the expected increase in real productivity is only 1 percent at most. In short, while individuals can save one hour a week by using AI that cost hundreds of billions of dollars to create, the total work for the company has increased. And even if we could create a perfect workflow without any side effects, the maximum increase in productivity would only be 1 percent. (And this is even assuming that all those annoying AI slop outputs are counted as an increase in productivity.) That is really surprising. https://www.bok.or.kr/portal/bbs/B0000347/view.do?nttId=10098529&searchCnd=1&searchKwd=&depth2=201106&depth=201106&pageUnit=10&pageIndex=1&programType=newsData&menuNo=201106&oldMenuNo=201106