AI Fails To Boost Productivity But Cuts Jobs Anyway!
In the thrilling saga of AI's grand entrance, University of Cambridge's Thomas Roulet reveals that AI is more 'cost-cutting villain' than 'efficiency superhero' across tech firms, despite a predicted productivity spike that "hasn't fully materialized." Bain & Company's latest report confirms no one cracked the magic AI formula yetâeven after $1+ trillion already flung at it! Meanwhile, Danish economists tracked 25,000 workers and found AI chatbots barely nudged earnings or hours. Goldman Sachs chimed that generative AI might nudge out 6-7% of US jobs by stealth, while OpenAI and Oracle pour hundreds of billions into AI toys, ignoring the needy sectors supplying training data. Roulet suggests younglings master 'learning skills' to dodge obsolescence in this wild tech rodeo. Itâs like betting on a shiny robot horse that hasnât learned how to run yet, but you're expected to saddle up anyway!
Share the Story
AI: The tech world's magician who promised to multiply productivity but only managed to make jobs disappearâwithout revealing the secret trick behind actual efficiency gains. Spoiler: AI still canât figure out how to make dollars where it spends trillions.
Who knew? AIâs biggest trick is making CEOs believe theyâre saving money while reality politely waits in the back room with crossed arms and no raises.
Productivity gains from AI are so invisible, youâd swear itâs the company ghosting its own balance sheetâbut at least theyâre spending $2 trillion on shiny chips and dreams!
Source: Businessinsider | Published: 9/26/2025 | Author: Theron Mohamed
More Articles in Business
Salesforce AI Flops, Google Car-Dwellers & Senior Homebuyers Take Over
KPMGâs 450K Sq.Ft NYC HQ: Employee Feedback or Round Table Cult?
Rivian CEOâs $4.6B Stock Option: Billionaire or Billion Procrastinator?
DoorDash Execs Fail at Delivery, Beta-Test Their Own Chaos
Parenting & Two Jobs: Health Writer Floors Architectural Chaos!
