Fixed investment in information technology equipment and software as a percentage of GDP (ends in 2026Q1) in the last two quarters of data saw a surge of about 0.4% of GDP.
From a quick survey of publicly available research, there are arguments that the AI boom added 1% to American GDP growth.
Investment levels could be sustained at “high” levels for longer than most sceptics would predict.
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Animal spirits have been soaring in the area of artificial intelligence (AI), and the surge in spending has shown up in the figure above. It shows the fixed investment in information technology equipment and software as a percentage
