Institutions: The US economy has not declined as expected, and AI may be the main contributor

According to foreign media analysis reports, for the second time in three years, concerns about a US economic recession have once again been refuted by reality. This time, the artificial intelligence (AI) boom may be the main contributor. As generative AI enters its third year, its financial impact is no longer limited to the stock prices of chip manufacturers. The surge in data center construction and overall capital expenditure is "beautifying" US GDP data in a surprising way. Carlyle Group's chief investment strategist Jason Thomas pointed out that this capital expenditure is an effective reindustrialization of American companies, shifting their focus from software and intangible assets to factories, machinery, and energy investments, which is unprecedented. This has a huge impact on GDP. Thomas estimates that AI-related spending alone may have contributed one-third of the US GDP growth in the second quarter of this year. And orders in related industries are still expanding at an annual growth rate of more than 40%. [Odaily News]