MIT - Massachusetts Institute of Technology
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Founded to accelerate the nation’s industrial revolution, MIT is profoundly American. With ingenuity and drive, our graduates have invented fundamental technologies, launched new industries, and created millions of American jobs. At the same time, and without the slightest sense of contradiction, MIT is profoundly global. Our community gains tremendous strength as a magnet for talent from around the world. Through teaching, research, and innovation, MIT’s exceptional community pursues its mission of service to the nation and the world.
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In a new paper, Choi and his co-authors find that firms need to be ready to make a significant investment in AI to see any gains, because limited AI adoption doesn’t contribute to revenue growth. Only when firms increase their intensity of AI adoption to at least 25% — meaning that they are using a quarter of the AI tools currently available to them — do growth rates pick up and investments in AI start to pay off.