According to new estimates from economists Soto, Thieu, and Allen, the US GDP growth rate for the first quarter was recorded at 1.6% on a quarter-over-quarter annualized basis.
Notably, AI-related investments played a crucial role, contributing approximately 0.63 percentage points to this growth.
In comparison, other components of GDP accounted for a combined contribution of 0.97 percentage points, highlighting the growing importance of AI in the economy.