Massive investment in AI has contributed nothing to economic growth last year, Goldman Sachs has calculated
The Washington Post reports: A new economic indicator has captivated Silicon Valley, Wall Street and Washington. Technology companies’ massive spending on artificial intelligence accounted for half or more of U.S. growth last year, some economists calculated, effectively propping up an otherwise anemic economy. To President Donald Trump and his advisers, the figures showed that AI is helping spark an economic renaissance that must not be impeded by regulation. To some critics, including Rep. Alexandria Ocasio-Cortez (D-New York), the data revealed…