AI adoption, productivity and employment: Evidence from European firms

[yorwba]

Of note, "AI adoption" here means using "technologies that intelligently automate tasks and provide insights that augment human decision making, like machine learning, robotic process automation, natural language processing (NLP), algorithms, neural networks" and not just LLMs.

[mtrovo]

> Workforce re-skilling programs should prioritize “fusion skills”, such as prompt engineering, data stewardship and human-in-the-loop decision-making that enhance human-AI complementarity.

First time reading the term fusion skills used in this context and I really like it.

[jbotz]

TL;DR: data from 12,000 firms in EU and US finds that AI adoption led to 4% increase in labour productivity without causing significant job losses.