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AI's Economic Boost Isn't Showing Up in US GDP, Goldman Says
AI is transforming corporate America, yet the boom remains understated in government growth statistics, according to Goldman Sachs. From a report: Analysts at Goldman pointed to the scale of the boom in a Saturday note: "Revenue at US companies providing AI infrastructure has risen by $400 billion s...
AI is transforming corporate America, yet the boom remains understated in government growth statistics, according to Goldman Sachs. AI technology has lifted real US economic activity by about $160 billion since 2022, or 0.7% of GDP, the analysts calculated. That gap highlights the difference between what companies report and what the government measures due to the Commerce Department's Bureau of Economic Analysis method for calculating growth.
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