AIFortuneabout 2 hours ago
US GDP Grows 2.2% on AI Investment
2 min read
The US economy grew at a 2.2% annual pace from April through June, up from a previous 1.5% estimate, as consumer spending rose 3.8% and business investment jumped 9% on AI demand. Imports of AI chips cut 1.7 points from growth. Oxford Economics warns the economy is sensitive to a reversal of AI optimism.
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