Institution: The US economy has not declined as expected, and AI may be a major contributor.

Jin10 data reported on July 23 that, according to foreign media analysis, for the second time in three years, external concerns about a U.S. economic recession have once again been proven wrong by reality. This time, the artificial intelligence (AI) boom may be a major contributor. As generative AI enters its third year, its financial impact is no longer limited to the stock prices of chip manufacturers. The rapid increase in data center construction and overall capital expenditure is astonishingly “beautifying” U.S. GDP data. Jason Thomas, chief investment strategist at Carlyle Group, pointed out that this capital expenditure marks an effective re-industrialization of American companies, shifting their focus from software and intangible assets to investments in factories, machinery, and energy, which is unprecedented. The impact on GDP is enormous. Thomas estimates that AI-related spending alone could account for one-third of the U.S. GDP growth rate in the second quarter of this year. Moreover, orders in related industries continue to expand at an annual growth rate of over 40%.