Goldman Sachs Research projects AI could automate 25% of labor tasks in advanced economies, driving US productivity growth by 1.5 percentage points annually and adding 0.4 percentage points to US GDP growth by 2034, with measurable GDP effects beginning 2027. The forecast assumes a 10-year broad adoption timeline and accounts for double-counting against existing ICT productivity trends and secular productivity slowdown. For financial institutions, this anchors a multi-year enterprise capex and hiring cycle dependent on realized adoption rates across sectors and geographies.
277 other tracked developments touching the same claims.