Generative AI will not produce a productivity boom (a sharp, sustained jump in US productivity growth) by March 2029.
“I don’t think that this is going to drive a productivity miracle in the next three to five years”AIEconomy
A public record of predictions made by well-known people: their exact words, when they said them, and how things turned out.
| Person | Category | Predictions | Scored | Accurate | Late | Partial | Wrong | Accuracy |
|---|---|---|---|---|---|---|---|---|
| Al Gore | Politician | 12 | 8 | 2 | 0 | 1 | 5 | 31% |
| Allan Lichtman | Academic | 10 | 8 | 6 | 0 | 1 | 1 | 81% |
| Anthony Fauci | Scientist | 16 | 14 | 10 | 0 | 3 | 1 | 82% |
| Barack Obama | Politician | 9 | 9 | 5 | 1 | 1 | 2 | 67% |
| Bill Ackman | Investor | 9 | 6 | 2 | 0 | 2 | 2 | 50% |
| Bill Gates | Tech leader | 21 | 11 | 4 | 0 | 4 | 3 | 55% |
| Bill McKibben | Commentator | 9 | 5 | 4 | 0 | 1 | 0 | 90% |
| Cathie Wood | Investor | 23 | 15 | 5 | 0 | 1 | 9 | 37% |
| Daniel Kokotajlo | AI researcher | 8 | 8 | 7 | 0 | 1 | 0 | 94% |
| Dario Amodei | Tech leader | 13 | 2 | 0 | 1 | 1 | 0 | 50% |
| Demis Hassabis | AI researcher | 6 | 0 | 0 | 0 | 0 | 0 | — |
| Donald Trump | Politician | 23 | 19 | 3 | 0 | 2 | 14 | 21% |
| Ed Yardeni | Market strategist | 16 | 12 | 8 | 2 | 0 | 2 | 75% |
| Elon Musk | Tech leader | 10 | 5 | 0 | 0 | 1 | 4 | 10% |
| Eric Schmidt | Tech leader | 16 | 11 | 3 | 0 | 3 | 5 | 41% |
| Gary Marcus | AI researcher | 18 | 15 | 11 | 0 | 3 | 1 | 83% |
| Geoffrey Hinton | AI researcher | 11 | 1 | 0 | 0 | 0 | 1 | 0% |
| Gordon Chang | Commentator | 10 | 6 | 2 | 0 | 1 | 3 | 42% |
| Harry Dent | Market strategist | 18 | 17 | 3 | 0 | 2 | 12 | 24% |
| Ian Bremmer | Commentator | 11 | 11 | 9 | 0 | 0 | 2 | 82% |
| Jack Dorsey | Tech leader | 6 | 2 | 0 | 0 | 0 | 2 | 0% |
| James Hansen | Scientist | 17 | 10 | 9 | 0 | 0 | 1 | 90% |
| Jamie Dimon | Business leader | 16 | 10 | 6 | 0 | 0 | 4 | 60% |
| Janet Yellen | Policymaker | 13 | 12 | 7 | 0 | 2 | 3 | 67% |
| Jensen Huang | Tech leader | 13 | 1 | 0 | 0 | 0 | 1 | 0% |
| Jeremy Grantham | Investor | 9 | 9 | 4 | 0 | 1 | 4 | 50% |
| Jeremy Siegel | Economist | 19 | 16 | 8 | 2 | 0 | 6 | 56% |
| Jerome Powell | Policymaker | 15 | 12 | 6 | 0 | 5 | 1 | 71% |
| Jim Cramer | Commentator | 18 | 17 | 2 | 0 | 1 | 14 | 15% |
| Joe Biden | Politician | 16 | 14 | 8 | 0 | 2 | 4 | 64% |
| John Mearsheimer | Academic | 11 | 9 | 7 | 0 | 0 | 2 | 78% |
| Kevin Hassett | Economist | 13 | 11 | 2 | 0 | 2 | 7 | 27% |
| Larry Summers | Economist | 19 | 14 | 5 | 0 | 0 | 9 | 36% |
| Marc Andreessen | Investor | 14 | 10 | 6 | 1 | 2 | 1 | 75% |
| Mark Zuckerberg | Tech leader | 16 | 7 | 3 | 0 | 3 | 1 | 64% |
| Masayoshi Son | Investor | 8 | 0 | 0 | 0 | 0 | 0 | — |
| Michael Burry | Investor | 11 | 8 | 3 | 0 | 3 | 2 | 56% |
| Michael Saylor | Crypto figure | 15 | 7 | 2 | 0 | 1 | 4 | 36% |
| Michio Kaku | Scientist | 13 | 5 | 0 | 1 | 2 | 2 | 30% |
| Mohamed El-Erian | Economist | 17 | 17 | 10 | 0 | 4 | 3 | 71% |
| Mustafa Suleyman | Tech leader | 5 | 1 | 0 | 0 | 0 | 1 | 0% |
| Nancy Pelosi | Politician | 10 | 10 | 2 | 0 | 0 | 8 | 20% |
| Nate Silver | Commentator | 11 | 7 | 4 | 0 | 0 | 3 | 57% |
| Nouriel Roubini | Economist | 25 | 20 | 6 | 0 | 2 | 12 | 35% |
| Paul Ehrlich | Scientist | 13 | 11 | 0 | 0 | 1 | 10 | 5% |
| Paul Krugman | Economist | 22 | 19 | 8 | 0 | 2 | 9 | 47% |
| Peter Schiff | Investor | 27 | 23 | 4 | 3 | 0 | 16 | 24% |
| Peter Thiel | Investor | 8 | 5 | 0 | 0 | 1 | 4 | 10% |
| Peter Zeihan | Commentator | 16 | 8 | 1 | 0 | 1 | 6 | 19% |
| Ray Dalio | Investor | 7 | 5 | 2 | 0 | 0 | 3 | 40% |
| Ray Kurzweil | Futurist | 26 | 19 | 4 | 6 | 0 | 9 | 37% |
| Robert Kiyosaki | Commentator | 14 | 12 | 2 | 4 | 0 | 6 | 33% |
| Sam Altman | Tech leader | 16 | 4 | 3 | 1 | 0 | 0 | 88% |
| Stephen Hawking | Scientist | 7 | 3 | 1 | 0 | 0 | 2 | 33% |
| Steve Ballmer | Tech leader | 9 | 7 | 1 | 0 | 3 | 3 | 36% |
| Thomas Friedman | Commentator | 7 | 7 | 4 | 0 | 1 | 2 | 64% |
| Tom Lee | Market strategist | 15 | 14 | 5 | 0 | 1 | 8 | 39% |
| Vinod Khosla | Investor | 13 | 3 | 0 | 1 | 0 | 2 | 17% |
| Vitalik Buterin | Crypto figure | 9 | 4 | 3 | 0 | 0 | 1 | 75% |
| Warren Buffett | Investor | 10 | 8 | 5 | 1 | 1 | 1 | 75% |
| Yann LeCun | AI researcher | 7 | 1 | 0 | 0 | 0 | 1 | 0% |
Accuracy counts accurate as 1, late or partial as ½, inaccurate as 0. Pending predictions don't count.
“I don’t think that this is going to drive a productivity miracle in the next three to five years”AIEconomy
“March is completely off the table.”MarketsEconomy
“One would want to be guessing that Treasury bill rates will be averaging well above 3% through the rest of this decade”MarketsEconomy
“We think interest rates are going to fall sooner and faster than most expect…and that should be supportive of valuations”EconomyMarkets
“I'm pretty sure that within the next five years, certainly before the end of the decade, we are going to have not just those capabilities, but those capabilities widely available for very cheap, potentially even in open source”AIEconomy
“China will most likely implement a moderate stimulus that is sufficient to get growth slightly above 4% in 2024.”Economy
“The big surprise in 2024 will not only be that the #economy crashes into recession, but that high #inflation returns with a vengeance.”Economy
“My baseline is that we'll achieve a soft landing.”Economy
“I think when we come to the end of 2024, 2 is certainly, you know, likely to be the first numeral.”Economy
“The Federal Reserve has overdone it, we’re going to see a lot more deflation going forward”Economy
“we're looking at the end of Germany as an industrial power within 10, probably no more than 15 years”Economy
“And literally they'll probably be working three-and-a-half days a week.”AIEconomy
“My best guess would be that we’re going to need more interest-rate increasing”MarketsEconomy
“we will have a recession running perhaps deep into next year and an accompanying decline in stock prices”EconomyMarkets
“I would be very surprised if we don’t find ourselves in a world with persistent ~3% inflation”Economy
“August 22, 2023, in Johannesburg, South Africa, BRICS nations announce gold backed crypto.”EconomyCryptoGeopolitics
“Moreover, the economy will not grow 6.2 percent in the first half, as official sources are predicting.”Economy
“The US Federal Reserve, the European Central Bank, the Bank of England, and most other major central banks will have to raise rates even more before they can pause.”EconomyMarkets
“I think instead of a recession unfolding, the economy is actually slipping into an expansion,”Economy
“AI will not cause mass unemployment”AIEconomy
“Productivity growth throughout the economy will accelerate dramatically”AIEconomy
“I'm confident that we'll get the agreement on the budget and America will not default”EconomyPolitics
“There may be another smaller one, but this pretty much resolves them all,”BankingEconomy
“This year, the military is slated to get 7.2% more, and economic growth will again fall short.”Economy
“ChatGPT and whatever follows are probably an economic story for the 2030s, not for the next few years.”AIEconomy
“the events of the last two weeks are likely to result in some tightening credit conditions for households and businesses and thereby weigh on demand, on the labor market, and on inflation.”BankingEconomy
“One reason we had the 2008 financial crisis was too much government regulation. That's why this crisis will be worse.”BankingEconomy
“Rate hikes don't matter. Inflation is headed much higher, thanks to bank bailouts”EconomyBanking
“My best guess would probably be 5.5% or a little above 5.5%. But 6% would not surprise me greatly.”MarketsEconomy
“we are on track for the dissolution of China as an economic entity before the end of the decade”EconomyGeopolitics