AI Revenue Impact on GDP Remains Limited Despite Hype

John: AI is actually doing very little for the economy right now. It's doing a lot for the markets, but in terms of the actual economic impact of AI, it's very low. If you add up the actual revenues from the AI labs, you're talking about $40 billion. Maybe there's like a 5x multiple on that, and so you're generating $200 billion of GDP on top of those tokens. But that's just not that much in the grand scheme of America's actual GDP. There's this disconnect between the market, which is pricing future GDP, future cash flows, future value creation. Then you have what is actually driving GDP, and then you have the actual workforce and what Americans do. What's actually holding up the American economy? It's healthcare jobs. The number of people that are software developers is less than 1% of America. The number of people that work at tech companies broadly is less than 10%.