The article discusses a novel approach to measuring progress in artificial intelligence (AI) using a “consumption basket” methodology. This method aims to quantify AI advancements by assessing the value and utility of AI-related outputs in various sectors rather than relying solely on traditional metrics like benchmarks or publications.
By focusing on the practical applications of AI—such as improved productivity and enhancements in services—this approach provides a more comprehensive perspective on AI’s impact. The consumption basket encompasses a range of AI-driven products and services that consumers and businesses use.
This more holistic measurement could offer insights into economic contributions and shifts in labor dynamics caused by AI. Ultimately, this methodology might better capture the transformative nature of AI technology, highlighting its real-world benefits and advancing discussions on policy and investments in the field.
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