GDP Growth Slows to 1.5 Percent as AI Productivity Boom Remains Elusive
New data from the Center for Economic and Policy Research shows US GDP growth slowing to just 1.5 percent in the second quarter, dampening hopes that artificial intelligence drives a significant productivity boom across the economy.
Despite massive investments in AI technologies and widespread enthusiasm from tech leaders, the numbers reveal no measurable uptick in overall economic output. Productivity gains from AI remain absent in macroeconomic indicators, suggesting that real-world impact lags far behind the hype.
Economists note that transformative technologies often take years or decades to move from innovation to measurable productivity growth. The latest figures prompt fresh questions about when, or whether, current AI tools translate into the broad economic benefits that many industry voices promise.