California (Web Desk): A recent study by the National Bureau of Economic Research (NBER) has revealed that despite widespread adoption of artificial intelligence (AI), most companies have seen little to no impact on employment or productivity.
The survey included nearly 6,000 senior executives from the US,UK, Germany, and Australia, with over 90% reporting that AI usage over the past three years has not significantly affected jobs or productivity.
According to the study, two-thirds of executives are using AI, but the average usage is only 1.5 hours per week, while 25% of organizations have avoided AI adoption altogether.
The report also highlights that 89% of companies did not notice any impact on per-employee sales performance, though businesses remain optimistic about the future. Executives expect that AI could raise productivity by 0.8% and operational efficiency by 1.4% over the next three years, with 75% of companies planning to adopt AI technologies.
However, the study warns that by 2028, AI adoption could potentially eliminate approximately 1.75 million jobs across existing firms.
Currently, AI is most frequently used for text generation, visual content creation, and data processing through machine learning.
Previously, a report by MIT had also found that 95% of companies gained no financial benefits despite investing in AI technologies.
This study underscores the cautious optimism among businesses: while AI adoption has yet to significantly transform operations, companies are preparing for gradual productivity gains and wider integration in the near future.