Most of the growth is. If we removed AI, the US would be in a severe recession right now. Most of the absolute market cap, employment, capital, and other metrics that are not directly coupled to growth paint a better distributed picture.
Of course, growth like this can only continue for so long without changing that.
Well, yes, because the US government has staked the future of the country's GDP on AI. They're even divesting from science as a whole and putting it into data centers.
Most of the growth is. If we removed AI, the US would be in a severe recession right now. Most of the absolute market cap, employment, capital, and other metrics that are not directly coupled to growth paint a better distributed picture.
Of course, growth like this can only continue for so long without changing that.
> Isn't most of the economy riding on the stock of these handful of companies though?
No.
Well, yes, because the US government has staked the future of the country's GDP on AI. They're even divesting from science as a whole and putting it into data centers.
Saying that AI will drive the future GDP is a very different thing from saying an economy relies on the stock price of a few AI companies.
2 replies →