According to a Bank of America report, artificial intelligence could boost global economic growth by 1% annually over the next decade.
AI is already driving productivity gains: software development up 55%, writing tasks up 40%.
However, economy-wide productivity gains remain limited at 0.1% per year due to slow adoption and retraining needs.
AI adoption reached 64% globally in 2025, with North America leading at 70%.
The report states AI's impact could be ten times larger than current estimates as models improve and costs decline.
