Peter McCrory

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628 appearances 3 recordings 3 series first heard Jan 2026 last heard 19 Jun

Peter McCrory’s voice in public audio — every appearance, attributed to the second.

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ABC Business Daily · Anthropic's Peter McCrory on Claude and the big AI disruption · 29 May 2026 podcast

Checking diagnostic images is something that skilled professionals can do very quickly.

A radiologist can look at a diagnostic image and

evaluate what's going on.

And indeed, we see limited efficiency gains.

Then we use standard macro techniques to add up all of the efficiency gains that we see on our platform.

And we propose this question, what if it takes 10 years for those efficiency gains to spread throughout the economy?

And the number that you get is an increase in labor productivity growth of around 1.8 percentage points each year over the next decade.

Now, that's a very large number in the context of labor productivity growth for advanced economies, which over the last 20 years have experienced sort of this productivity slowdown.

It would roughly bring us back to something like the late 90s and early 2000s.

Now, to your point about

the facts that these models are getting better, one reason to think that this is an underestimate is it is current usage of current generation models.

As businesses figure out how to adopt these tools,

much more scalably and efficiently for a wider range of tasks in the economy, that would push the number up.

And for roles that are more at risk of automation, I think there's a greater risk of displacement.

Add to that, the models themselves are just getting better.

And so that's like one way to, this is a very large number, and there are reasons to think that it could very well be

much larger in the future.

So I would say that it's generally consistent with this point that I like to make, that

adoption of AI has been much faster than previous technologies, consequential technologies like the rollout of the internet or the personal computer.

You know, hitting rates of adoption in two years that it took those technologies five years, and certainly much faster than the rollout of electricity, which required a build-out of infrastructure.

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