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Agency: The US economy did not decline as expected, and AI may be the main reason
Odaily News According to foreign media analysis, for the second time in three years, the outside worlds concerns about the US economic recession have been slapped in the face by reality. And this time, the artificial intelligence (AI) boom may be the main contributor. As generative AI enters its third year, its financial impact is no longer limited to the stock prices of chip manufacturers. The surge in data center construction and overall capital expenditures is beautifying US GDP data in an astonishing way. Jason Thomas, chief investment strategist at the Carlyle Group, pointed out that this capital expenditure is an effective re-industrialization of American companies, shifting their focus from software and intangible assets to investment in factories, machinery and energy, which is unprecedented. The impact on GDP is huge. Thomas estimates that AI-related spending alone may have contributed one-third of the US GDP growth in the second quarter of this year. And orders in related industries are still expanding at an annual rate of more than 40%. (Jinshi)
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