Goldman Sachs Research (April 2023) projects generative AI could increase global GDP by 7% (roughly $7 trillion) and lift productivity by 1.5 percentage points over a decade. The analysis finds roughly two-thirds of US occupations exposed to some automation, with a quarter to half of exposed workload potentially replaceable. The report acknowledges historical precedent: 60% of today's jobs did not exist in 1940, and over 85% of employment growth in the past 80 years came from technology-driven new roles rather than displacement. For financial institutions, this framing positions AI as a productivity multiplier that creates net long-term employment, not a near-term labor shock, but leaves significant uncertainty about transition timelines and sectoral exposure.
309 other tracked developments touching the same claims.