Before artificial intelligence supercharges global productivity, governments will have to deal with an unfortunate reality: The long-awaited economic windfall may be years away, while the bills are coming due now.
Listen to the optimists, and the AI-driven economic boom is at the doorstep. The Penn Wharton Budget Model projects AI will add 1.5% to GDP and productivity over the next decade. Goldman Sachs says it could add up to three percentage points to productivity every year. By the mid-2030s, AI might increase work output by 20%, according to Vanguard.
