Companies that add more AI also add more people
AI and ML
But doing so doesn't necessarily meet business needs
AI leads to job losses, or so the conventional wisdom goes. But a new survey of over 21,000 US firms implies the exact opposite: When companies invest in AI, they add positions, but not immediately.
According to Ramp, an AI finance biz, and Revelio Labs, an HR biz, companies making a significant financial commitment to AI add jobs at a higher rate than low-intensity adopters. But job gains don't appear until six to 12 months later.
One might be tempted to interpret this as the amount of time it takes to assess the resources required to clean up after AI mistakes, but the Ramp study argues that the lag reflects the time required for best practices to filter through organizations.
"Firms that adopt AI grow headcount 10.2 percent over the two years following adoption, but these gains are entirely...
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