Tag: Stanford AI Index

^{Type
post

Author
Jeffrey Funk and Gary Smith
Date
March 3, 2020

Categorized
Artificial Intelligence, Business and Finance

Tagged
___longform, AI bubble, Dot-com bubble, Featured, Stanford AI Index}

Stanford’s AI Index Report: How Much Is BS?

_{Some measurements of AI’s economic impact sound like the metrics that fueled the dot-com bubble} _{Jeffrey Funk and Gary Smith

March 3, 2020

9

Artificial Intelligence, Business and Finance}

Stanford University’s AI index offers us fanciful measures of the triumph of AI, rivaling the far-fetched metrics of dot-com commerce. The reality has been the opposite. For decades, U.S. productivity grew by about 3% a year. Then, after 1970, it slowed to 1.5% a year, then 1%, now about 0.5%. Perhaps we are spending too much time on our smartphones.