The Financial Times and MIT Technology Review engage in a dialogue about the generative AI revolution and its implications for the job market and productivity. Richard Waters notes that while AI coding assistants have significantly improved software development, many companies are not seeing returns on their AI investments. A study indicates that 95% of generative AI projects yield no benefits, raising skepticism about its long-term impact. Historical context suggests that transformative technologies often experience a lag before showing productivity gains. Companies must invest in new infrastructure and retrain workers to harness AI effectively. Some analysts predict that AI could eventually lead to substantial productivity increases, but the current focus on cost-cutting raises concerns about job losses. The discussion concludes with a cautious optimism about AI's potential to enhance existing jobs and create new opportunities.