AI Boom Added 'Basically Zero' to US Economic Growth in 2025
Goldman Sachs and JPMorgan economists say massive AI spending failed to move the needle on GDP last year.
All that AI hype? It didn't show up in the GDP numbers.
Economists at Goldman Sachs and JPMorgan have crunched the data and reached a brutal conclusion: the AI boom contributed "basically zero" to U.S. economic growth in 2025. Goldman Sachs specifically calculated that despite enormous capital pouring into artificial intelligence, the measurable economic impact was negligible.
The finding is a direct challenge to the most optimistic AI projections, which have claimed the technology could drive growth as high as 92%. That's a staggering gap between promise and reality.
Billions in AI infrastructure spending, sky-high valuations, and breathless earnings calls — and yet two of Wall Street's biggest banks say the economic receipts simply aren't there. The AI revolution may still be coming, but for now, the scoreboard reads zero.