# AI gains in global GDP perhaps not

**URL:** <https://discussion.fool.com/t/ai-gains-in-global-gdp-perhaps-not/107041>\
**Category:** Macro Economic Trends and Risks\
**Created:** [July 13, 2024, 2:03pm UTC](https://discussion.fool.com/t/ai-gains-in-global-gdp-perhaps-not/107041 "2024-07-13T14:03:14Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\
**Post date:** [July 13, 2024, 2:03pm UTC](https://discussion.fool.com/t/ai-gains-in-global-gdp-perhaps-not/107041/1 "2024-07-13T14:03:14Z")

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Dealbook by Andrew Ross Sorkin NYT column

Snippet on AI productivity

_The big new hope is that artificial intelligence will snap this mediocrity streak — but doubts are creeping in. And [one especially skeptical paper](https://nl.nytimes.com/f/a/9Iixx-n9CAym-qM3-3ltuw~~/AAAAAQA~/RgRodPFtP0T0aHR0cHM6Ly9lY29ub21pY3MubWl0LmVkdS9zaXRlcy9kZWZhdWx0L2ZpbGVzLzIwMjQtMDUvVGhlJTIwU2ltcGxlJTIwTWFjcm9lY29ub21pY3MlMjBvZiUyMEFJLnBkZj9jYW1wYWlnbl9pZD00JmVtYz1lZGl0X2RrXzIwMjQwNzEzJmluc3RhbmNlX2lkPTEyODY3NiZubD1kZWFsYm9vayZyZWdpX2lkPTc3MjE0MjE1JnNlZ21lbnRfaWQ9MTcyMDY2JnRlPTEmdXNlcl9pZD04YmMzNWJhZTIzZGY5NjliZGI1MjJiNTY5MmE4MWQ5MFcDbnl0Qgpmkm1skmYSKz16UhZicmlkYnVyZ0BzYmNnbG9iYWwubmV0WAQAAAAD) by Daron Acemoglu, a labor economist at M.I.T., has triggered [a heated debate](https://nl.nytimes.com/f/a/QbP7kc-fXLSBHoTYs9-DeQ~~/AAAAAQA~/RgRodPFtP0TxaHR0cHM6Ly9tYXJnaW5hbHJldm9sdXRpb24uY29tL21hcmdpbmFscmV2b2x1dGlvbi8yMDI0LzA0L3RoZS1zaW1wbGUtbWFjcm9lY29ub21pY3Mtb2YtYWkuaHRtbD9jYW1wYWlnbl9pZD00JmVtYz1lZGl0X2RrXzIwMjQwNzEzJmluc3RhbmNlX2lkPTEyODY3NiZubD1kZWFsYm9vayZyZWdpX2lkPTc3MjE0MjE1JnNlZ21lbnRfaWQ9MTcyMDY2JnRlPTEmdXNlcl9pZD04YmMzNWJhZTIzZGY5NjliZGI1MjJiNTY5MmE4MWQ5MFcDbnl0Qgpmkm1skmYSKz16UhZicmlkYnVyZ0BzYmNnbG9iYWwubmV0WAQAAAAD)._

_Acemoglu concluded that A.I. would contribute only “modest” improvement to worker productivity, and that it would add no more than 1 percent to U.S. economic output over the next decade. That pales in comparison to estimates by Goldman Sachs economists, who [predicted last year](https://nl.nytimes.com/f/a/vQDaFiBcGUkg8JmfmzTF4A~~/AAAAAQA~/RgRodPFtP0T5aHR0cHM6Ly93d3cuZ29sZG1hbnNhY2hzLmNvbS9pbnRlbGxpZ2VuY2UvcGFnZXMvZ2VuZXJhdGl2ZS1haS1jb3VsZC1yYWlzZS1nbG9iYWwtZ2RwLWJ5LTctcGVyY2VudC5odG1sP2NhbXBhaWduX2lkPTQmZW1jPWVkaXRfZGtfMjAyNDA3MTMmaW5zdGFuY2VfaWQ9MTI4Njc2Jm5sPWRlYWxib29rJnJlZ2lfaWQ9NzcyMTQyMTUmc2VnbWVudF9pZD0xNzIwNjYmdGU9MSZ1c2VyX2lkPThiYzM1YmFlMjNkZjk2OWJkYjUyMmI1NjkyYTgxZDkwVwNueXRCCmaSbWySZhIrPXpSFmJyaWRidXJnQHNiY2dsb2JhbC5uZXRYBAAAAAM~) that generative A.I. could raise global G.D.P. by 7 percent over the same period._

My comment, the labor argument needs to be augmented by healthcare gains contributing to productivity and GDP growth. I am not sure the commentator has included that. That said labor to AI augmented labor, I agree with the lower expectations. There is amazing waste in AI production processes.