From hype to reality, the true state of AI adoption

Published: Oct. 21, 2023, 4 p.m.

MIT professor and economist Erik Brynjolfsson said recently that he\u2019d be disappointed if AI didn\u2019t lift the\xa0 current anemic 1.2% productivity growth rate to 3% or even 4%. This would be a good thing for business and government as it could potentially help with the labor shortage, drive earnings growth and increase tax revenues, which would ostensibly help address current debt levels. This is one of the promised impacts of AI. While the hype surrounding Gen AI has narrowly propped up certain sectors of the market, like AI startups and the magnificent seven, the macro effects have not been felt thus far as adoption remains largely experimental.\xa0

In this Breaking Analysis and ahead of Supercloud 4, ETR\u2019s Erik Bradley and Daren Brabham join the program to share the latest trends on AI adoption, how Gen AI is being used, some of the deployment models and the AI leaderboard based on spending momentum and presence in the market.\xa0



Historical trends in the music industry:

https://open.lib.umn.edu/mediaandculture/chapter/6-4-current-popular-trends-in-the-music-industry/#:~:text=The%20Big%20Four%20control%20over,current%20distribution%20of%20market%20share.&text=Four%20major%20music%20labels%20control,the%20U.S.%20recording%20music%20industry.


Current trends in the music industry:

https://musicandcopyright.wordpress.com/2023/04/25/recorded-music-market-share-gains-for-sme-and-the-indies-publishing-share-growth-for-umpg-and-wcm/


IDC sponsored content on AI w/ some market data:

https://content.dataiku.com/idc-infobrief-2023