📈 AI is driving US GDP growth:
IT equipment and software investment now reflects a record 4.5% of GDP. This surpasses the previous peak seen in Q4 2000, now up +1.5 percentage points since Q3 2023.
Since Q3 2023, IT equipment and software investment has risen +$288 billion, or +26%, to a record $1.39 trillion. Since Q1 2020, AI-related investment has surged +$545 billion, or +64%.
AI is becoming the backbone of US economic growth.
aipost 🏴
IT equipment and software investment now reflects a record 4.5% of GDP. This surpasses the previous peak seen in Q4 2000, now up +1.5 percentage points since Q3 2023.
Since Q3 2023, IT equipment and software investment has risen +$288 billion, or +26%, to a record $1.39 trillion. Since Q1 2020, AI-related investment has surged +$545 billion, or +64%.
AI is becoming the backbone of US economic growth.
aipost 🏴
