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Institutions: US Economy Not Slowing as Expected, AI May Be Main Contributor
Summary: According to foreign media analysis, for the second time in three years, concerns about a recession in the US economy have been proven wrong. This time, the AI boom may be the main contributor. As generative AI enters its third year, its financial impact is no longer limited to chip manufacturers' stock prices. The sharp ...
According to foreign media analysis, for the second time in three years, concerns about a recession in the US economy have been proven wrong. This time, the AI boom may be the main contributor. As generative AI enters its third year, its financial impact is no longer limited to chip manufacturers' stock prices. The sharp increase in data center construction and overall capital expenditure is 'beautifying' US GDP data in an astonishing way. Jason Thomas, Chief Investment Strategist at Carlyle Group, pointed out that this capital expenditure represents an effective reindustrialization of US companies, shifting focus from software and intangible assets to factory, machinery, and energy investments, which is unprecedented. The impact on GDP is significant. Thomas estimates that AI-related spending alone may contribute one-third of the US GDP growth in the second quarter of this year. Orders in related industries are still expanding at an annual rate of over 40%.
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Link: Institutions: US Economy Not Slowing as Expected, AI May Be Main Contributor [Copy]
