Bank of America has a message for anyone who has grown skeptical of the AI boom: you are thinking too small. In a report published Thursday, the bank’s research team made a typically sweeping claim for a Wall Street bank assessing the supposed artificial intelligence boom. It’s not like electricity or even the internet, the global economics team wrote. It is more powerful than both — and the productivity boom it will eventually deliver could be 10x larger than anything the economy is currently showing. The problem is that the economy is currently showing 0.1%, “a small aggregate effect relative to all the excitement around AI,” the bank admitted. It’s a number so small that it barely registers against global growth of 3.5%. Read more [paywall removed for Redditors]: https://fortune.com/2026/05/24/is-ai-bubble-bigger-than-internet-electricity-dotcom-bofa-panmure/ submitted by /u/fortune
Originally posted by u/fortune on r/ArtificialInteligence