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Daily Alpha · Substack

The sole full public letter argues that current aggregate AI productivity may reflect utilization of existing capital more than direct output gains from adoption.

22letters

Themes on this desk

Productivity bottlenecks

Worker-level AI time savings may not lift firm output until surrounding workflows and constraints change.

Substack - Noahpinion

AI productivity may currently come from using existing capital harder

Noahpinion's full public roundup says current US productivity gains may reflect more intensive use of existing capital.

The thesis cautions against attributing aggregate productivity acceleration directly to workplace AI adoption.

Watch Watch whether productivity gains begin to concentrate in industries with the highest AI adoption.

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