Are Businesses Scaling Back Hiring Due to AI? – Liberty Street Economics
The answer is not really, but AI usage is up among firms. As knowledge about the usage cases for AI improve, I think it’s likely that the areas that AI excels in will be disproportionately impacted. It’s interesting to see that most firms are expecting to retain workers and retain them
The biggest implication of how firms are using AI in my opinion is in the softer and harder to quantify areas of marketing and business analytics. The effectiveness of AI is subjective to the inputs that are given to it. And while AI certainly can assist those working in both fields, in my opinion the embodied human experience (with all its biases and heuristics) is a better medium with which to make these incredibly complex decisions.
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