MIT professor and economist Erik Brynjolfsson said recently that he’d be disappointed if artificial intelligence didn’t lift the current anemic 1.2% productivity growth rate to 3% or even 4%. This would be a good thing for business and government because it could potentially help with the labor shortage, drive earnings growth and increase tax revenues, which would ostensibly help address current debt levels.

This is one of the promised impacts of AI. Although the hype surrounding generative AI has narrowly propped up certain sectors of the market, such as AI startups and the “magnificent seven,” the macro effects have not been felt thus far as adoption remains largely experimental.

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