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This economic idea transfixed Wall Street and Washington. It may be a mirage. [View all]
This economic idea transfixed Wall Street and Washington. It may be a mirage.
Massive investment in AI contributed “basically zero” to U.S. economic growth last year, Goldman Sachs has calculated.
February 23, 2026 at 5:00 a.m. EST Today at 5:00 a.m. EST
7 min
By Shira Ovide
A new economic indicator has captivated Silicon Valley, Wall Street and Washington.
Technology companies’ massive spending on artificial intelligence accounted for half or more of U.S. growth last year, some economists calculated, effectively propping up an otherwise anemic economy.
35 Comments
{paywall}
Massive investment in AI contributed “basically zero” to U.S. economic growth last year, Goldman Sachs has calculated.
February 23, 2026 at 5:00 a.m. EST Today at 5:00 a.m. EST
7 min
By Shira Ovide
A new economic indicator has captivated Silicon Valley, Wall Street and Washington.
Technology companies’ massive spending on artificial intelligence accounted for half or more of U.S. growth last year, some economists calculated, effectively propping up an otherwise anemic economy.
35 Comments
{paywall}
2 replies
= new reply since forum marked as read
= new reply since forum marked as read