Goldman Sachs: AI could attract $200 billion in global investment by 2025, accounting for 4% of U.S. GDP

Odaily Planet Daily News Economists at investment banking giant Goldman Sachs say artificial intelligence could eventually have a greater financial impact on the U.S. economy than electricity and personal computers. In an Aug. 1 investment note, Goldman Sachs economists Joseph Briggs and Devesh Kodnani predicted that AI could attract as much as $200 billion in global investment by 2025, half of it in the U.S., boosting its GDP. While past tech booms spurred by the introduction of electricity and personal computers boosted GDP by 2%, economists at Goldman Sachs estimate that AI could account for as much as 4% of U.S. GDP, with heavy investments already underway in other countries. In countries with this technology, this proportion may reach 2.5%. (Cointelegraph)