ChatGPT increases productivity by 40% according to researchers at MIT
Will generative AI like ChatGPT increase our productivity? Read what researchers at MIT found out.
Introduction
The new type of chatbot technology has pushed us into what feels like a new era. Even more so than blockchain, suddenly everyone is talking about generative AI and Chatbots like ChatGPT are transforming how we engage with work. They offer us improvements in efficiency, creativity, and precision like never before.
But with this technological evolution comes an imperative question: Will this technology replace or augment us? Let's dig into the evidence, explore the potential impacts, and weigh the ethical considerations of this groundbreaking technology.
How Chatbots are Influencing Productivity
With generative AI technology, tasks that once consumed hours can be performed in minutes. Imagine the amount of time saved by automating routine inquiries, data processing, or even content creation. But how much does it actually save us? To answer that question I did some digging and found a research article by Noy and Zhang titled ‘Experimental evidence on the productivity effects of …