You'll Spit Take When You Hear How Little Time Workers Are Saving With AI, According to This Huge New Study

The use of AI chatbots has exploded in the workplace. White-collar workers have adopted the tech in huge numbers. Executives are looking for every opportunity to shoehorn AI into every aspect of their businesses. Companies continue to pour tens of billions of dollars into building out enormous data centers to support increasingly power-hungry AI models. But is any of this actually leading to higher efficiency at work and increased pay? According to a recently-released working paper by a pair of economists at the University of Chicago and the University of Copenhagen that was spotted by Fortune, it's not looking great. After analyzing data about 25,000 workers across 7,000 workspaces, users of AI only saved on average three percent of time. And only a meager three to seven percent of those productivity gains translated into bigger paychecks, they found. Put simply, AI isn't even close to coming for everybody's jobs, a frequently cited fear — and it's not exactly making workers more ... Read full article.