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AI Added 'Basically Zero' to US Economic Growth Last Year, Goldman Sachs Says

https://gizmodo.com/ai-added-basically-zero-to-us-economic-growth-last-year-goldman-sachs-says-2000725380
107•cdrnsf•2h ago

Comments

sillyfluke•1h ago
Bottom line, no one's buying your vibeslop when they can create and maintain their own for their custom needs. And if we're not buying each others vibeslop there's no productivity to be measured in the economy.

With all this recent Claw stuff, it's weird that as people who should be championing the opposite due to our field of study or industry, some of us are now pushing a method of automation that is akin to robo vaccums randomly tracking dogshit across the carpet.

In my working environment, people get dressed down for repeatedly communicating incorrect information. If they do it repeatedly in an automated fashion they will be publically shamed if they are senior enough.

I have no idea what benefit a human-in-loop for sending an automatically generated emails or agent generated sdks or buliding blocks has when there is no guarentee or even a probability of correctness attached to the result. The effort for vaildating and editing a generated email can be equally or greater than manually writing a regular email let alone one of certain complexity or significance.

And what do we do to create to try to guarentee a semblance of correctness? We add another layer of automated validation performed by, you guessed it, the same crew of wacky fuzzy operators that can inject correct sounding gibberish or business workflows at any moment.

It's almost like trying to build a house of cards faster than the speed with which it is collapsing. There seems to be a morbid fascination among even the best of us with how far things can be taken until this way forward leads to some indisputable catastrophe.

ekjhgkejhgk•39m ago
> a method of automation that is akin to robo vaccums randomly tracking dogshit across the carpet.

Is it possible that this sort of problem will be fixed? Hypothetically, what would happen in a scenario where one of these apps can do in 1 hr the work that would take a developer a month, reliably? Or is your premise that will NEVER happen?

sillyfluke•29m ago
The same underlying magic that enables LLMs to be faster than a brute force SQL query on all the worlds data while producing "good enough" results appears to be the very thing that is creating hallucinations and finite context windows. ie there is no free lunch. It seems to be the theory in many in the field (ilya included?) that the obstacle might not be overcome without an LLM-level breakthrough in AI research, or maybe more likely, a breakthrough in hardware. Big tech until at least recently seems to have thought they can brute force it with energy (nuclear). But who's paying?
keybored•16m ago
No need to stress out over us rank and file answering that question. An entire economy is boiling based on it.
pluto_modadic•57m ago
Why do I have a feeling that this will be ignored as biased by the people who need to read it the most.
ohyoutravel•51m ago
It’s a grift being perpetuated by the folks at the top, who then sweep along in their slipstream folks under them, and so on. The folks who “need to hear this” are helpless to go against and so can’t back down, and the folks who don’t need to hear this because they’re driving it have their paychecks aligned to it, so they’re not backing down.
co_king_5•44m ago
Why do you type like a bot?
brokencode•16m ago
Why do I get the feeling that AI skeptics will treat it as definitive and irrefutable proof that they were right all along even though it’s one data point in an industry that’s hasn’t even been around for 5 years.
phendrenad2•54m ago
I'm sure we can find stories from the 1980s and 1990s about how the "world wide web" hasn't increased the GDP at all.
sib•23m ago
Given that the first communication between a web server and client was in December 1990 (and that was private to Tim B-L's environment), and it was released to the public in 1991, I bet we actually couldn't find such stories in the 1980s :)
trimethylpurine•11m ago
[delayed]
qgin•50m ago
The most interesting thing about this is that the underlying economy is actually stronger than people realize. The narrative has been that AI data center construction was propping up an otherwise weak economy. If this analysis is true, then it wasn't being propped up by data center construction. The strength was usual and normal strength.

I have no doubt that people will use this to axe grind about they think AI is dumb in general, but I feel like that misses the point that this is mostly about data center construction contributing to GDP.

Gigachad•46m ago
The US economy is remarkably resilient considering its withstood a year of sabotage from the top down.
mtct88•50m ago
I think it’s still a bit too early to draw the conclusion.

We need to get past the hype first and let the cash grabbers crash.

After that, with a clear mind we can finally think about engineering this technology in a sane and useful way.

gdulli•15m ago
What about social media, did that evolve into something sane and useful or has it remained owned by the cash grabbers? Have we not yet internalized that they've permanently captured control of technological advances?
HardCodedBias•49m ago
I think this is key:

"On top of that, there is currently no reliable way to accurately measure how AI use among businesses and consumers contributes to economic growth."

No doubt people are using it work ( https://www.gallup.com/workplace/701195/frequent-workplace-c... ) the question is how much productivity results and to whom does it accrue.

Partially this is AI capability (both today and in the past), partially this is people taking time to change their tools.

d_watt•48m ago
It took 20 years for computers to "add" to the economy.

https://en.wikipedia.org/wiki/Productivity_paradox

kakapo5672•40m ago
Yep, and the same with the internet. During the 1990s and 2000s, people kept wondering why the internet wasn't showing up in productivity numbers. Many asked if the internet was therefore just a fad or bubble. Same as some now do with AI.

It takes time for technology to show measurable impact in enormous economies. No reason why AI will be any different.

sillyfluke•37m ago
It didn't take mobile apps with the launch of the iPhone 20 years to add to the economy though, did it?
m4rtink•25m ago
The iPhone was not the first mobile device or even the first smartphone. Not to mention it did not support mobile applications as we know them today.
sillyfluke•14m ago
That seems a tad reductionist. Why not just say the iPhone was completely inconsequential because afterall it's simply another "computer". Why not go even back further and start the timer at the first physical implementation of a Turing machine?

The iPhone killer UX + App store release can be directly traced to the growth in tech in the subsequent years its release.

recursive•35m ago
Also no particular reason to group it in with those two. There are plenty of things that never showed up at all. It's just not a signal It's kind of like "My kid is failing math, but he's just bored. Einstein failed a lot too you know". Regardless of whether Einstein actually failed anything, there are a lot more non-Einsteins that have failed.
rainsford•32m ago
Sure, but you have to consider Carl Sagan's point, "The fact that some geniuses were laughed at does not imply that all who are laughed at are geniuses. They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." Some truly useful technologies start out slow and the question is asked if they are fads or bubbles even though they end up having huge impact. But plenty of things that at first appeared to be fads or bubbles truly were fads or bubbles.

Personally I think AI is unlikely to go the way of NFTs and it shows actual promise. What I'm much less convinced of is that it will prove valuable in a way that's even remotely within the same order of magnitude as the investments being pumped into it. The Internet didn't begin as a massive black hole sucking all the light out of the room for anything else before it really started showing commensurate ROI.

arisAlexis•16m ago
Even that you mentioned NFTs in comparison hurts my mind
preommr•35m ago
I am not saying this to be sarcastic - the problem is that people from OpenAI/Antrhopic are saying things like superintelligence in 3 years, or boris saying coding is solved and that 100% of his code is written by AI.

It's not good enough to just say oreo ceos say we need to more oreos.

There's a real grey area where these tools are useful in some capacity, and in that confusion we're spending billions. Too may people are saying too conflicting things and chaos is never good for clear long-term growth.

Either that 20 years is completelly inapplicable to AI, or we're in for a world of hurt. There's no in between given the kinds of bets that have been made.

co_king_5•26m ago
> the problem is that people from OpenAI/Anthropic are saying things like superintelligence in 3 years, or boris saying coding is solved and that 100% of his code is written by AI.

I'm going to be honest, you can feel the AGI when you use newer agentic tools like OpenClaw or Claude. It's an entirely different world from GPT-4.0. This is serious intelligence.

Superintelligence in 3 years doesn't really sound that crazy given how quickly I can write code with Claude. I mean we're 90%-95% of the way there already.

EA-3167•17m ago
It’s amazing that economic analysis can be dismissed by “feeling the AGI”.

You might as well be telling people to “HODL”

chrysoprace•13m ago
What does that mean? By what metric do you measure "AGI", whatever that means? Industry definitions are incredibly vague, perhaps intentionally so, with no benchmarks to define how a model, harness, or other technology might achieve "AGI". They have no intelligence, and can't even reason that you need to take your car to the car wash to have it washed[0].

[0] https://news.ycombinator.com/item?id=47031580

co_king_5•12m ago
Have you even used Claude?

You can feel it coming.

conception•7m ago
A link to a page where the top comment talks about how a major model doesn’t get stuck on the question doesn’t seem like much of a flex.
bigstrat2003•8m ago
> I'm going to be honest, you can feel the AGI when you use newer agentic tools like OpenClaw or Claude.

You're right. I can feel how far away it is and how these tools will in no way be capable of getting us there.

ozim•17m ago
AI companies don’t have 20 years, they have max 5 years where they have to turn to profit.

They don’t have time to wait for all the companies to pick up use of AI tooling in their own pace.

So they lie and try to manufacture demand. Well demand is there but they have to manufacture FOMO so that demand materializes now and not in 20 or 10 years.

yifanl•34m ago
The difference being that AI's marketing has been significantly more prevalent than any early computing efforts.
jsheard•27m ago
Not to mention the level of investment is on another level. We've got companies with valuations in the hundred-billions talking about raising trillions to buy all of the computers in the world before establishing whether they can even turn a profit, nevermind upend the economy.
bdangubic•13m ago
the investments are being made by massively profitable companies (our biggest and brightest ones, the ones that have been carrying the economy for quite some time now, even before "AI"). even just in recent history we have seen companies making large investments and being very unprofitable until they weren't anymore (e.g. Uber). and it is always the same story, everyone is up in arms "this is not sustainable etc..."

whether or not these companies can turn a profit - time will tell. but I am betting that our massively profitable companies (which are biggest spenders of course) perhaps know what they are doing and just maybe they should get the benefit of the doubt until they are proven wrong. but if I had to make a wager and on one side I have google, microsoft, amazon, meta... and on the other side I have bunch of AI bubble people with a bunch of time to predict a "crash" I'd put my money on the former...

petcat•26m ago
This seems false to me. Commodore and Apple were blitzing every advertising medium and especially TV ads in the early 1980s.
galleywest200•22m ago
Atari too
deterministic•48m ago
I completely agree. If AI can't do 100% of a job then you can't remove the job.

And most jobs that can be automated already has been automated using traditional software.

codexon•42m ago
You can replace it with a much lower paid employee though.
loloquwowndueo•33m ago
A lower paid and less qualified employee won’t be able to spot when the AI screws up.

Having a higher-paid, qualified employee supervising multiple AIs as the human only needs to spot for mistakes - maybe.

codexon•32m ago
I'm not sure that's entirely true. For most things, checking if a solution is correct is much easier than implementing it (page looks wrong, can't login etc...)
qudat•19m ago
You definitely cannot. Code org, architecture, and system design are senior level roles and responsibilities.
codexon•13m ago
AI is already aware of the best practices. It does not just blindly do what you ask of it in the simplest way.
saulpw•6m ago
Best practices are always situation dependent.
co_king_5•36m ago
AI may have added basically zero to US economic growth, but tech sector productivity is 250%-300% of what is was before Claude Code was released because of all the 10x-20x engineers it created.
loloquwowndueo•36m ago
Definitely missing a /s
co_king_5•35m ago
no jokes allowed on HackerNews
bryanlarsen•31m ago
Jokes are downvoted to push them to the bottom of the conversation where they belong. They're the dessert of a serious conversation; meat and potatoes should come first.
keybored•14m ago
Absolutely[1]

[1] https://news.ycombinator.com/item?id=47131127

deterministic•30m ago
I assume this is sarcasm?
tvaughan•28m ago
GitHub has never been down since Copilot was released.
Madmallard•30m ago
Yet the job situation for software developers in the United States is borderline terminal. Interesting.
co_king_5•24m ago
COVID and "AI" lowered the threshold of acceptable service to the extent that software vendors are making offshoring attempts again.
rising-sky•28m ago
I guess this is trend now because it's a contrarian / attention grabbing headline. See:

- "Thousands of CEOs just admitted AI had no impact on employment or productivity..." https://fortune.com/2026/02/17/ai-productivity-paradox-ceo-s...

- “Over 80% of companies report no productivity gains from AI…” https://www.tomshardware.com/tech-industry/artificial-intell...

But fundamentally, large shifts like this are like steering a super tanker, the effects take time to percolate through economies as large and diversified as the US. This is the Solow paradox / productivity paradox https://en.wikipedia.org/wiki/Productivity_paradox

  > The term can refer to the more general disconnect between powerful computer technologies and weak productivity growth
ej88•9m ago
Even the source article in the first link, https://www.nber.org/papers/w34836

the same firms "predict sizable impacts" over the next three years

late 2025 was an inflection point for a lot of companies

mirekrusin•28m ago
This article seems to have "basically zero" content.

Today you have to be blind to not see the change that is coming.

World has its own (massive) inertia, burocracy present in businesses accounting for a big part in it.

AI itself is moving fast but not at infinite speeds. We start to have good enough tooling but it's not yet available to everyone and it still hangs on too many hacks that will need to crystalize. People have a lot of mess to sort out in their projects to start taking full advantage of AI tooling - in general everybody has to do bottom up cleanup and documentation of all their projects, setup skills and whatnot and that's assuming their corp is ok with it, not blocking it and "using ai" doesn't mean that "you can copy paste code to/from copilot 365".

As people say - something changed around Dec/Jan. We're only now going to start seeing noticable changes and changes themselves will start speeding up as well. But it all takes time.

staplers•14m ago

  the change that is coming.
Everything you argue reinforces that net output was still basically zero last year. I don't see them talking about 2026 data..
burgerone•10m ago
It's not that the technology is not there yer, it's all the ethical concerns and the mental barrier that nobody wants to spend their day begging AI for solutions.
geraneum•6m ago
> This article seems to have "basically zero" content.

Why? It’s descriptive of the “past”. While you’re trying to predict the near/far “future” and project your assumptions. Two different things.

dvt•6m ago
We're still 6-12+ months away from a "killer" AI product. OpenClaw showed what's possible-ish, but it breaks half the time, eats tokens like crazy, and can leak all kinds of secrets. Clearly there's potential there, and a lot of people are working on products in the AI space (myself included), but anyone that's seriously tried to wrangle these models will agree with the reality that it's very hard to reliably get them to do what you want them to do.
__loam•6m ago
Can't even spell bureaucracy while you're making big predictions like this.
keybored•23m ago
Note last year. The vibes coming from the Claude dungeons tell a different story. Just in the last six weeks. We are on the precipice.
co_king_5•21m ago
^This. Claude is very rapidly approaching AGI.

Opus 4.6 is SPECIAL. nothing like other models. This is a new breed of intelligence.

I give it 18-24 months until we see a full-scale societal transformation.

thomasfromcdnjs•15m ago
I've been using claude code to code my own gpt model from absolute scratch in type script with c code it generates for the gpu. Anytime it wants to use cuda or some lib to do things faster I can keep telling it to write it in typescript or c etc lots of fun and it actually works lol
mgh2•15m ago
Trickle down effect reversal: > “A lot of the AI investment that we’re seeing in the U.S. adds to Taiwanese GDP, and it adds to Korean GDP but not really that much to U.S. GDP”
mark_l_watson•7m ago
I’ll do the Minority Report here: I loved the article, the point being that rich people hyping AI for their own enrichment have somewhat shutdown rational arguments of benefits vs. costs, the costs being: energy use, environmental impact of using environmentally unfriendly energy sources out of desperation, water pollution from by products of electronics production and recycling and from water use in data centers, diverting money from infrastructure and social programs, putting more debt stress on society, etc.

I have been a paid AI practitioner since 1982, so I appreciate the benefits of AI - it is just that I hate the almost religious tech belief that real AI will happen from exponential cost increases for essentially linear gains.

I get that some lazy ass people have turned vibe coding and development into what I consider an activity sort-of like mindlessly scrolling social media.

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