AI'S OVERLOOKED $97 BILLION CONTRIBUTION TO THE ECONOMY

Summary from the TLDR AI newsletter

The US economy grew at an annual rate of 3% in the second quarter. Americans enjoyed roughly $97 billion in consumer surplus (the difference between the maximum a consumer is willing to pay for a good or service and its actual price) from generative AI tools in 2024. Around 40% of US adults are regular users of generative AI. As more digital goods become available for free, measuring benefits as well as costs will become increasingly important.