Deep Tide TechFlow news: On July 12, according to The Kobeissi Letter, the U.S. economic growth’s reliance on spending on artificial intelligence is deepening. Data show that AI investment currently accounts for more than 25% of U.S. GDP growth, covering spending on software, IT equipment, research and development, and data centers. This means that in every $4 of current U.S. economic growth, more than $1 comes from AI investment. At the same time, AI spending has risen to a historical high of about 8% of U.S. GDP. By contrast, during the 2000 internet bubble, peak spending on IT equipment, software, and R&D was about 6.5% of GDP.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned