The US economy is showing increased reliance on artificial intelligence investments for growth. Investment in data centres and chip manufacturing now exceeds consumption as a primary driver of GDP growth during the first half of the year. AI projects are estimated to contribute at least one percentage point to the US economic output, which is expected to grow by less than 2% this year.
Globally, AI investment is on the rise, with the US leading the charge. Private investment in AI within the US has surged, outpacing other regions. This investment is heavily focused on AI infrastructure, research, and governance, driven by major developers.
AI is also seeing increased adoption by businesses, with a significant percentage reporting AI use in at least one function. While AI implementation is delivering cost reductions and revenue increases, the impact is still developing.
