Dr Stuart Mills quoted on the use of artificial intelligence for productivity
An article exploring the use of artificial intelligence (AI) tools in boosting falling productivity growth levels in Australia has quoted Dr Stuart Mills.
The article published by ‘Small Business Connections’ describes how a recent report by the Committee for the Economic Development of Australia has shown that the country is experiencing its lowest productivity growth in 60 years.
In the wake of this recent fall, the article titled ‘Australia faces a 60-year productivity low: can AI fix it?’ debates the use of AI tools such as Chat-GPT and DALL-E in combating this downturn.
While the article notes how recent studies have found that AI has indeed boosted productivity in the workplace, lecturer in Economics Dr Stuart Mills argues that ‘if tools such as ChatGPT merely automate bureaucratic inefficiencies, they won’t raise productivity at all’.