05:58:05 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



IBM CDR (CAD Hedged)
Symbol IBM
Shares Issued 600,000
Close 2023-09-18 C$ 22.66
Market Cap C$ 13,596,000
Recent Sedar Documents

Globe says IBM survey shows global AI adoption at 35%

2023-09-18 08:13 ET - In the News

The Globe and Mail reports in its Monday, Sept. 18, edition that a 2022 IBM survey show that global artificial intelligence adoption among companies is already about 35 per cent. The Globe's guest columnist Philip Cross writes that Canada's economy displays few signs that AI is stealing jobs. White-collar jobs continue to grow steadily, according to Statistics Canada's labour force survey. AI proponents were forecasting massive job losses a decade ago. Mr. Cross says the absence of this mayhem repeats the pattern of erroneous predictions about technology's impact on jobs since the Industrial Revolution. The grim forecasts usually fizzle because of what economists call "the Luddite fallacy," which ignores that productivity gains from technological innovation generate higher incomes and more jobs. If anything, AI is likely to make workers more productive and therefore desirable to employers. A June study by the National Bureau of Economic Research found that customer support agents supported by AI were nearly 14 per cent more productive. As economist Matt Ridley observed, "the idea that innovation destroys jobs comes around in every generation. So far it has proved wrong."

© 2024 Canjex Publishing Ltd. All rights reserved.