Large Language Models, Small Labor Market Effects
The abstract of a study featured on NBER: We examine the labor market effects of AI chatbots using two large-scale adoption surveys (late 2023 and 2024) covering 11 exposed occupations (25,000 workers, 7,000 workplaces), linked to matched employer-employee data in Denmark.
AI chatbots are now widespread -- most employers encourage their use, many deploy in-house models, and training initiatives are common. These firm-led investments boost adoption, narrow demographic gaps in take-up, enhance workplace utility, and create new job tasks. Yet, despite substantial investments, economic impacts remain minimal. Using difference-in-differences and employer policies as quasi-experimental variation, we estimate precise zeros: AI chatbots have had no significant impact on earnings or recorded hours in any occupation, with confidence intervals ruling out effects larger than 1%. Modest productivity gains (average time savings of 3%), combined with weak wage pass-through, help explain these limited labor market effects. Our findings challenge narratives of imminent labor market transformation due to Generative AI.
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Russia moves its $500million planes to a remote base as far away from Ukraine as possible after drone attacks destroyed fleets across different airfields
Satellite images show that the pair of supersonic Tu-160 strategic bombers - each carrying a $500m price tag - have been relocated more than 4,000 miles from the warfront to Anadyr.
PETER HITCHENS: The private school pupils refused NHS care show we're becoming a People's Republic by stealth - ruled by blank-eyed bureaucrats
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The man who invented the Sound of Summer: He was the genius behind The Beach Boys, but his abusive father drove him to years of ruinous drug addiction - until he was saved by the love of his second wife, writes CHRISTOPHER STEVENS
From his brutal childhood - beaten so badly by his monstrous father that he was deaf in one ear - to his decades of paranoid, drug-addled seclusion, he fought a constant battle against the world.
Beach Boys' Brian Wilson's torture at the hands of his rotten father and the deep turmoil before his death
'It was hard to feel happy and light when there were sad things in my head,' Wilson wrote in his 2016 autobiography I Am Brian Wilson. 'It was hard to feel free when I was tied down.
M&S 'flattering' dress perfect for holidays 'doesn't cling in all the wrong places'
'So comfortable, flattering style and superb quality'
Microsoft slows Windows 11 24H2 Patch Tuesday due to a 'compatibility issue'
On your marks, get set... bork!
updated Microsoft set a new record with June's security update for the time between release and an admission of borkage.…
ANDREW NEIL: Starmer's claim to be 'investing in Britain's renewal' is delusional drivel in a class of its own - even for a Government that's a stranger to the truth
'Our first job was to stabilise the economy and public finances,' Keir Starmer tweeted yesterday morning, a few hours before Rachel Reeves delivered Labour's spending plans.
How to wear five of this summer's hottest Gen Z fashion trends - when you're over 50: DINAH VAN TULLEKEN
From jelly shoes to Bermuda shorts, you may remember wearing many of this summer's trends the first time they were cool.
The anti-vax conspiracy theorists driving the deadly new outbreak of measles in America: TOM LEONARD visits a Texas town where parents are turning their backs on vaccines - with fatal consequences
Next to the Reinland Mennonite Church on the outskirts of Seminole in Texas is a plain grass field surrounded by a chain-link fence that serves as the devout congregation's graveyard.
Why at 66 I will NEVER have sex again: LIZ JONES on why she's happily retiring from sex - for good
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An Experimental New Dating Site Matches Singles Based on Their Browser Histories
A dating site launched last week by Belgian artist Dries Depoorter matches potential partners based on their internet browsing histories rather than curated profiles or photos. Browser Dating requires users to download a Chrome or Firefox extension that exports and uploads their recent search data, creating matches based on shared online behaviors and interests rather than traditional dating app metrics.
Less than 1,000 users have signed up since the platform's launch, paying a one-time fee of $10.3 for unlimited matches or using a free tier limited to five connections. Depoorter, known for digital art projects exploring surveillance and technology, says the concept emerged from a 2016 workshop where participants shared a year of search history data. The platform processes browsing data locally using Google's Firebase tools.
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Superman trailer has fans flocking to buy tickets at a blistering record pace besting any movie in 2025
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Home overgrown by trees, weeds and ivy is finally cleared up after 40 years in the undergrowth
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Hugh Jackman and Deborra-Lee Furness list their $60million 'modernist masterpiece' Manhattan penthouse amid divorce settlement
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Michelle Keegan 'signs six-figure deal with major broadcaster' in her first job since welcoming baby daughter Palma with Mark Wright
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The real reason Kate Middleton broke the dress code on her visit to the V&A
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Murder probe launched after boy, four, found dead at home: Police arrest 37-year-old woman
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Austrian school shooter murdered his neighbour's daughter during mass killing and left note asking his mother to look after his beloved cat
Artur A. killed a teacher and nine pupils between the ages of 14 and 17 in Tuesday's rampage in the city of Graz.
Talen Energy and Amazon Sign Nuclear Power Deal To Fuel Data Centers
Amazon Web Services has signed a long-term deal with Talen Energy to receive up to 1,920 megawatts of carbon-free electricity from the Susquehanna nuclear plant through 2042 to support AWS's AI and cloud operations. The partnership also includes plans to explore new Small Modular Reactors and expand nuclear capacity amid rising U.S. energy demand. Utility Drive reports: Under the PPA, Talen's existing 300-MW co-location arrangement with AWS will shift to a "front of the meter" framework that doesn't require Federal Energy Regulatory Commission approval, according to Houston-based Talen. The company expects the transition will occur next spring after transmission upgrades are finished. FERC in November rejected an amended interconnection service agreement that would have facilitated expanded power sales to a co-located AWS data center at the Susquehanna plant. The agency is considering potential rules for co-located loads in PJM.
Talen expects to earn about $18 billion in revenue over the life of the contract at its full quantity, according to an investor presentation. The contract, which runs through 2042, calls for delivering 840 MW to 1,200 MW in 2029 and 1,680 MW to 1,920 MW in 2032. Talen will act as the retail power supplier to AWS, and PPL Electric Utilities will be responsible for transmission and delivery, the company said.
Amazon on Monday said it plans to spend about $20 billion building data centers in Pennsylvania.
"We are making the largest private sector investment in state history -- $20 billion-- to bring 1,250 high-skilled jobs and economic benefits to the state, while also collaborating with Talen Energy to help power our infrastructure with carbon-free energy," Kevin Miller, AWS vice president of global data centers, said.
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