AI Spending: Fueling US Economic Growth?

Is AI the secret engine supercharging the US economy? Experts reveal how big tech's AI spending spree significantly fueled growth this year, contributing a whopping 1.1 percentage points to the first half's economic expansion. But, amidst the hype, a reality check: not all AI investments directly translate to GDP gains, and data discrepancies might be skewing the true impact. Will AI continue to be an economic superhero, or will its growth-boosting powers fade? Tune in to uncover the truth behind the AI boom and its real effect on the nation's financial future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.