Workers reported saving a substantial number of work hours by using generative AI, according to research conducted by the Federal Reserve Bank of St. Louis, along with Vanderbilt and Harvard universities. From a report: The researchers, drawing from what they identified as the first nationally representative survey of generative AI adoption, measured the impact of generative AI on work productivity by how much workers used the technology and how intensely. They found users are saving meaningful amounts of time.
“On average, workers are 33% more productive in each hour that they use generative AI,” the paper found. Among respondents that used generative AI in the previous week, 21% said it saved them four hours or more in that week, 20% reported three hours, 26% said two hours and 33% reported an hour or less.