TechFlow news, July 12, according to The Kobeissi Letter, U.S. economic growth is becoming increasingly reliant on artificial intelligence spending. Data shows that artificial intelligence investment currently accounts for over 25% of U.S. GDP growth, covering software, IT equipment, R&D, and data center spending, meaning that for every $4 of U.S. economic growth currently, over $1 comes from artificial intelligence investment. Meanwhile, artificial intelligence spending has risen to a historical high of about 8% of U.S. GDP. In comparison, during the 2000 internet bubble, peak spending on IT equipment, software, and R&D was about 6.5% of GDP.
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