Goldman Sachs’ latest report highlights that AI adoption in U.S. companies remains relatively modest, with only 6.1% integrating AI into production processes, up slightly from 5.9% in the previous quarter. The finance and insurance sectors lead in AI usage, while industries such as IT, manufacturing, and education have seen declines. Larger companies with over 250 employees report higher adoption rates of around 10%.
Despite slow uptake, organizations using generative AI have reported significant productivity gains, including a 23% increase in academic research output, with some areas experiencing up to a 30% improvement. Additionally, the semiconductor industry is set for rapid AI-driven growth, with sales predicted to increase by 37% by 2025. The AI hardware market is expected to grow to $139 billion, contributing significantly to the U.S. GDP.
The report underscores the gradual progress of AI adoption but highlights its potential to boost productivity and spur investment in key industries. More detail is available at Seeking Alpha.