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The AI boom is driving the economy; what happens if it falters? In Nevada, a summer of weak international tourism has stunted hiring and weakened the local economy But a data-center construction boom tied to the fast-growing artificial intelligence industry
AI Boom Drives US GDP Growth, Higher Stock Prices - Bloomberg AI spending and its spinoffs are impacting the economy, with investment in information-processing equipment and software providing a big boost to GDP growth, and the wealth effect from rising
AI-powered growth: GenAI spurs US economic performance - EY Generative AI (GenAI) has emerged as a key driver of AI-powered growth in the US economy in recent quarters, beginning to leave measurable footprints on the economy While early discussions centered on its potential, recent data indicates that GenAI’s economic effects – though still in their early stages – are becoming increasingly evident From accelerating adoption and a surge in AI