Kevin Hassett, director of the National Economic Council, argues that the economic benefits of artificial intelligence may be underestimated by official statistics. He projects U.S. GDP growth of around 4%, well above private-sector estimates hovering around 2%. According to his projections, U.S. AI-related investment is expected to reach $10.3 trillion between 2025 and 2032, averaging 3.63% of GDP annually. This growth would help address a national debt exceeding $40 trillion, with approximately $15 trillion held externally. Hassett is also counting on reducing the federal workforce and private investment in AI infrastructure to achieve his goal of bringing the deficit-to-GDP ratio down to 3%.
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