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Mind the Gap: AI Adoption in Europe and the U.S.

From stlouisfed.org

For three decades, American workers have been pulling ahead of their European counterparts. Between 1995 and 2025, output per hour increased by 88% in the U.S. versus just 30% in the 20 countries using the euro.1 Prior research has linked this widening gap to greater diffusion of information and communication technologies (ICT) in the U.S. American firms invested more in computers and software, adopted them faster and more effectively, and reaped larger productivity gains as a result. Now, a new wave of technology is arriving. Advances in artificial intelligence (AI) have the potential to reshape work across many ... (full story)

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  • Category: Fundamental Analysis