What productivity boom? AI will provide just a 1% GDP boost over the next decade, MIT economist says.

• The productivity boost that AI technology will generate is being overestimated, according to a new MIT study.
• AI-led US GDP growth in the next 10 years will rise just 0.93% to 1.16%, economist Daron Acemoglu wrote.
• That's just a fraction of the impact being forecasted by the likes of Goldman Sachs.

Talk to nearly any artificial intelligence bull, and they'll likely mention the technology's huge expected economic impact.

It's expected to turbocharge productivity, enhancing the efficiency of today's human-led jobs. That, in turn, is seen triggering a new era of growth.