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Every generation finds its miracle technology — the one that promises to change everything. For ours, that miracle is artificial intelligence. It’s the invisible engine driving stock markets, reshaping industries, and fueling a trillion-dollar arms race in data centers and chips.
But as investment fever spreads, a question is quietly gaining force in boardrooms and policy circles alike: Will AI actually save the economy—or is it just the next great bubble waiting to pop?
The Dream: AI as the Great Economic Accelerator
For years, economists have worried that the modern economy was running out of steam. Productivity growth—the magic ingredient that makes nations richer without simply working harder—has been stubbornly flat since the early 2000s. AI, its champions argue, can change that. And just like in the 1990s, when Compaq was giving away servers to build the internet’s backbone, today’s giveaways — of compute power, cloud credits, and capital — are building the foundations of something real.
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