In 1987, economist and Nobel laureate Robert Solow made a stark observation about the stalling evolution of the Information Age: Following the advent of transistors, microprocessors, integrated circuits, and memory chips of the 1960s, economists and companies expected these new technologies to disrupt workplaces and result in a surge of productivity. Instead, productivity growth slowed, dropping from 2.9% from 1948 to 1973, to 1.1% after 1973.
I agree that AI would be unimaginable for Marx, but on the other hand I think the labor theory of value is still holding up. Has any AI actually generated value for anyone?
If a new machine gives an efficiency advantage over other makers of equivalent commodities - the owner of that machine reaps a financial advantage that is experienced as “generated value”. But as the new machine and any efficiency in production becomes generalized we would expect that ultimately the value of that commodity would actually decrease.