Institutions: The US Economy Has Not Receded as Expected, with AI Possibly Being the Main Contributor

According to an analysis by foreign media, for the second time in three years, concerns about a U.S. economic recession have once again been disproven by reality. This time, the artificial intelligence (AI) boom may be the main driving force. As generative AI enters its third year, its financial impact has long extended beyond just the stock prices of chip manufacturers. The surge in data center construction and overall capital expenditures is “beautifying” U.S. GDP figures in a remarkable way. Jason Thomas, Chief Investment Strategist at Carlyle Group, pointed out that this capital expenditure represents an effective reindustrialization of American companies, shifting their focus from software and intangible assets to investments in factories, machinery, and energy—something unprecedented. The impact on GDP is significant. Thomas estimates that AI-related spending alone may have contributed to one-third of the U.S. GDP growth rate in the second quarter of this year. Moreover, orders in related industries continue to expand at an annual growth rate of over 40%.