AI Spending Boom Just Made US Economy Look Weaker Than It Really Is
US GDP grew 1.5% in the second quarter, below forecasts. Imported servers and chips for AI data centers subtracted from the headline number.
America's economy grew slower than expected partly because companies bought expensive computer equipment from other countries for AI projects. When you see these big tech companies' earnings, remember that some of their AI spending shows up as imports, which can make GDP growth look smaller than the real business activity.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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