> Since the release of ChatGPT in late 2022, artificial intelligence (AI) has been widely expected to raise productivity. But aggregate productivity data have so far offered a more muted signal: Utilization-adjusted total factor productivity grew only 0.07% over the four quarters ending with the first quarter of 2026
https://www.stlouisfed.org/on-the-economy/2026/jul/ai-produc...
From July 30:
> Since the release of ChatGPT in late 2022, artificial intelligence (AI) has been widely expected to raise productivity. But aggregate productivity data have so far offered a more muted signal: Utilization-adjusted total factor productivity grew only 0.07% over the four quarters ending with the first quarter of 2026