AI Added ‘Basically Zero’ to US Economic Growth Last Year, Goldman Sachs Says
Summary
Goldman Sachs argues AI investment contributed basically zero to U.S. GDP growth in 2025, largely due to imported hardware that boosts foreign GDP more than U.S. GDP. The piece contrasts Wall Street optimism with caution from economists and notes measurement challenges in attributing AI use to growth. A survey of nearly 6,000 executives suggests AI adoption is widespread but with limited near-term productivity or employment impact.