Thousands of CEOs just admitted AI had no impact on employment or productivity
Despite $250B in corporate investment, AI use averages just 1.5 hours per week per executive.
Deep Dive
A National Bureau of Economic Research study of 6,000 executives from S&P 500 firms reveals a modern 'Solow Paradox.' While two-thirds use AI, 90% report it has had no impact on employment or productivity over three years. Current usage is minimal, averaging 1.5 hours weekly. This contrasts sharply with 2023 MIT research suggesting a 40% performance boost, highlighting a major gap between AI hype and measurable business results.
Why It Matters
Billions in AI investment aren't yet translating to the broad productivity gains or job displacement that leaders predicted.