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News Link • Economy - Economics USA

AI Provided Nearly All the GDP Growth in the First Quarter

• https://mishtalk.com, By Mish

Change in AI-Related Spending from the BEA

Change in Real Spending in Billions of Dollars

IP Equipment: 64.1 billion

Software: 46.1 billion

IP Research and Development: 11.1 billion

Private Nonresidential Fixed Investment: 92.6 billion

Those are all BEA numbers. Because of the way the BEA calculates real numbers, the sum of the parts usually does not match the whole.

Real Private Fixed Investment

Change in Real Private Fixed Investment Spending from the BEA

Private Nonresidential Fixed Investment: 92.6 Billion

Private Residential Fixed Investment: -15.6 Billion

Private IP Equipment, IP Software, R&D: 121.6 billion.

Again, Because of the way the BEA calculates real numbers, the sum of the parts usually does not match the whole.


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