AI productivity expectations fall short, $2.5 trillion wiped from the market
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Gary Marcus said the market lost $2.5 trillion yesterday, and cited a Bank of England study saying AI has not delivered the expected productivity gains. These two points form his judgment on the current AI boom: market losses and insufficient productivity evidence appearing at the same time. The report did not give the study's specific scope, measurement methods, or applicable conditions.
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- Gary MarcusThe markets dropped $2.5 trillion yesterday. What happens next?
The post notes that yesterday's $2.5 trillion market drop was only part of the bad news, alongside a Bank of England study finding that AI is again not producing the expected productivity gains. The full post is behind a free-subscription prompt.
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