"Goldman Sachs has dramatically escalated its rhetoric: the bank's analysts now claim that AI has had zero impact on US economic growth over 2025."
"The first is geographic: when US companies buy chips from Taiwan, for example, that money boosts Taiwan's economy, not the US."
"AI might make some workers faster, sure, but that speed doesn't automatically make supply chains more efficient - so far, those productivity gains are largely trapped inside company walls."
"Dario Perkins, head of macroeconomics at consulting firm TS Lombard, agrees that AI's effects on productivity are nonexistent, even as massive layoffs have the workforce reeling."
Businesses are heavily investing in AI, expecting productivity gains and cost savings. However, Goldman Sachs reports that AI has had no impact on US economic growth in 2025. This disconnect arises from geographic issues, where money spent on AI chips benefits other economies, and productivity concerns, as gains are not translating into broader supply chain efficiencies. Analysts are increasingly skeptical about AI's economic contributions, despite ongoing high investment projections for the technology.
Read at Futurism
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