""Polls may show that AI is not popular, but economic growth is. At this point, stopping progress in AI would be equivalent to halting the U.S. economy.""
""In Q1, AI was already 75% of GDP growth. That trend is likely to continue. Technology leadership has always been America's great strength, and it's driving the economy forward.""
""Consumer spending accounted for 68.1% of GDP. But spending is no longer the primary driver of new activity, adding just 1.08 percentage points to GDP growth last quarter.""
""The biggest categories that received business investment last quarter were for technical equipment such as computers, and these days, almost all private investment in the U.S. is tied to the artificial intelligence boom.""
The U.S. economy is characterized as a 'golden age' with record stock market highs and adequate growth, significantly supported by the AI industry. Venture capitalist David Sacks emphasizes that AI is crucial for GDP growth, accounting for 75% of it in Q1. While consumer spending remains a major component of economic activity, it is no longer the primary driver of new growth, with business investment, particularly in AI, taking the lead. Trump's economic narrative focuses on AI investment rather than traditional manufacturing or job growth.
Read at Fortune
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