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AI's economic boost nearing peak, with benefits concentrated in Big Tech

Economists from Goldman Sachs and Apollo.io have differing views on the peak impact of AI on the U.S. economy. Goldman Sachs chief economist Jan Hatzius suggests the growth impulse from AI investment is nearing its peak, with its contribution to GDP expected to slow. Apollo chief economist Torsten Slok, however, notes that outside of major tech companies, AI has yielded no discernible financial benefits for corporate America, leading to a pullback in spending on AI technologies. AI

IMPACT AI's direct economic contribution may be plateauing, with benefits largely confined to a few large tech firms.

RANK_REASON Economists from major financial institutions provide analysis and opinions on the economic impact of AI.

Read on Fortune →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

AI's economic boost nearing peak, with benefits concentrated in Big Tech

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4 / 100
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Commentary
Economists from major financial institutions provide analysis and opinions on the economic impact of AI.
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Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
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opinion, other
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Standard
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Breaking (< 6h)
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Nick Lichtenberg ·

    AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech

    Apollo’s Torsten Slok rocked Wall Street with his take that AI returns just aren't there, then Goldman’s Jan Hatzius flagged two major downsides to growth.