Global investment in artificial intelligence could swell to $200 billion in less than two years, according to a new report by financial giant Goldman Sachs—growth that could boost the overall economy.

“Generative AI has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage,” the report states.

By 2025, the report estimates, AI investment could account for up to 4% of U.S. GDP and 2.5% of GDP in other nations investing in the technology, like China. This rivals the 2% of GDP that defined past tech booms sparked by electricity and personal computers.

Goldman Sachs economists attribute this AI investment spurt to the enormous economic potential of generative AI, a subsector of AI that focuses on creating new content based on large language models. One example is ChatGPT, the viral chatbot sensation, and another is Stable Diffusion, a tool that generates original images out of text prompts.

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Author: Jose Antonio Lanz

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