AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech

The AI boom has been propping up U.S. growth for more than a year. Hatzius partly blames large deficits and “AI-linked borrowing” for that rise, and estimates it will subtract a cumulative 0.6% from GDP if it lasts.

Long-term interest rates are up about 100 basis points on average across developed-market yield curves since early 2026.