Bill Dudley, Columnist

Will AI Be an Economic Net Positive? Probably Not

It’s important, but don’t expect it to fix the nation’s dire fiscal outlook.

November 17, 2025 at 11:30 AM UTC

Bill Dudley is a Bloomberg Opinion columnist. A former president of the Federal Reserve Bank of New York, he is a member of Coinbase Global's advisory council.

It can’t do everything.
Photographer: Kent Nishimura/Bloomberg

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The boom in artificial-intelligence investment is undoubtedly boosting both the US stock market and the broader economy right now. But what about the longer term? Will AI be a big net positive, delivering prosperity and solving the nation’s fiscal problems?

Most likely, I’m sorry to say, it’ll be closer to a wash.