Reported about 17 hours ago
As President Trump aims for significant economic growth to justify his multitrillion-dollar reconciliation bill, his administration is looking to an AI boom as a potential driver of this growth. Treasury Secretary Scott Bessent and Trump's AI advisor David Sacks suggest that advancements in artificial intelligence could significantly boost GDP, with estimates reaching as high as 4% or 5%. However, critics express skepticism about these projections, warning that actual economic benefits from AI are uncertain and may not correlate directly with the proposed tax bill.
Source: YAHOO