AI's economic boost isn't showing up in GDP, and Goldman says that's a $115 billion blind spot

AI's economic boost isn't showing up in GDP, and Goldman says that's a $115 billion blind spot

Servers and chips power the US's AI boom but don't contribute to GDP growth.Business InsiderAI is transforming corporate America, but its growth is understated in government data.AI added $160 billion to the US economy, but only $45 billion shows up in GDP, Goldman Sachs says.Goldman Sachs says GDP undercounts AI's impact because semiconductors are treated as intermediate inputs.Artificial intelligence is transforming corporate America, yet the …

AI Investments Add $160B to US Economy, But GDP Understates Impact

Goldman Sachs analysis reveals AI investments have added $160 billion to U.S. economic activity since 2022, but only $45 billion appears in GDP due to imported components like semiconductors. This "blind spot" understates AI's role in growth, prompting calls for updated economic metrics to better capture digital innovations.

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 since 2022, which at first glance seems to suggest that AI has been a meaningful driver of economic growth recently." But official numbers tell a diff…