Artificial intelligence
fromAxios
1 week agoAI can cost more than human workers now
AI compute costs are surpassing employee costs, prompting companies to seek proof of productivity gains from AI investments.
For all the talk of AI-driven productivity, many organisations still haven't seen wage costs fall or even clearly stabilise. In a recent PwC survey of more than 4,400 chief executives, only 12% said their AI investments had delivered both higher revenue and lower costs, while more than half reported no meaningful business impact at all. That gap between expectation and reality is becoming harder to ignore.
The European economy is somewhat different to the rest of the world. Europe is still struggling with an overall GDP recovery, much more susceptible to the uncertainty with their global trade. They are looking at 'geo-repatriation,' a portion of the digital sovereignty movement who is trying to get more technology from companies closer to home.