Bank of America Report Projects 10x Productivity Gains From AI

Bank of America economists stated in a report published Thursday that AI could increase global productivity growth by one percentage point over the next decade. 1 percent annual productivity increase currently recorded in national accounts. The report calculated that AI can transform about 20 percent of workplace tasks, but only 23 percent of those tasks are cost-effective to automate at present prices.

1 percent.

America said the gap between task-level improvements and aggregate GDP statistics is documented in multiple studies. Software developers using AI tools complete 55 percent more work, customer-support agents resolve 14 percent more tickets, and professional writers finish projects 37 to 40 percent faster.

The bank compared AI to electricity and information technology, arguing that AI can affect a wider share of the economy and that small improvements can compound into larger aggregate effects.

U.S. 5 percent. He cited institutional constraints in government, healthcare, and higher education that slow adoption. Panmure Liberum strategist Joachim Klement wrote eight days earlier that hyperscalers are projected to spend $658 billion on capital expenditures in 2026.

Klement calculated that those investments would require an additional $2 trillion to $5 trillion in annual revenue to achieve a 10 percent return.