Hot on the heels of Goldman Sachs announcing an AI-free index fund, AI Added Basically Zero to US Economic Growth Last Year, Goldman Sachs Says
Briggs colleague, Goldman Sachs Chief Economist Jan Hatzius, said in an interview with the Atlantic Council that AI investment spending has had basically zero contribution to the U.S. GDP growth in 2025.
We dont actually view AI investment as strongly growth positive, said Hatzius. I think theres a lot of misreporting, actually, of the impact AI investment had on U.S. GDP growth in 2025, and its much smaller than is often perceived.
Some of this is that the value of the excess manufacturing accruing to Taiwan and Korea.