PANews reported on May 23 that, according to Jinshi, Bank of America stated in a report that artificial intelligence (AI) has already improved productivity in very specific, well-defined tasks, but these improvements have not yet spread across the entire economy on a large scale. Currently, economists say that overall economic productivity is growing by only about 0.1% annually, a small overall impact compared to all the excitement surrounding the technology. However, in the long term, they believe that the impact of AI on overall productivity could be 10 times higher than currently seen. "In an optimistic scenario, AI-driven productivity gains could boost growth by about 1 percentage point annually over the next decade, raising the global growth rate to 4.5%."