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Fortune
Fortune
Nick Lichtenberg, Fortune Intelligence

How much is AI really replacing jobs? Goldman Sachs looks under the hood and has 3 takeaways to defuse the hype

Man staring at computer (Credit: Getty Images)

There’s a lot of speculation, including in the pages of Fortune Intelligence, about the impact that artificial intelligence will have on the jobs of the future. Goldman Sachs Chief Economist Jan Hatzius is on the case, leading a team that draws from a breadth of industry surveys, government data, and proprietary analysis to produce an AI Adoption Tracker.

For the second quarter of 2025, Hatzius’ team found “notable progress” in AI adoption, with 9.2% of U.S. companies using AI to produce goods or services, compared to 7.4% in the first quarter. The report also delivers a nuanced picture, finding that while generative AI and related technologies are rapidly reshaping corporate investment and productivity, their effect on employment is evolving at a slower, subtler pace.

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