Gerstner believes AI will have a bigger impact on economic productivity than the internet itself.
“my sense here is, you know, and I've said the AI is gonna be bigger than the Internet itself in terms of impact on economic productivity.”
Gerstner cites United Airlines government ticket sales down 50% year-to-date as indicator of spending cuts' cascade effects.
“I heard a stat the other day that United Airlines ticket sales to the government this year are down 50% year to date, five zero.”
Gerstner claims AI investment is contributing over 100 basis points to US GDP growth this year.
“This is the single most important contributor to the GDP growth of The United States Of America this year. It's contributing over a 100 basis points of our GDP growth.”