WASHINGTON / LONDON (IT BOLTWISE) – Investments in artificial intelligence (AI) have established themselves as a significant growth driver for the US economy. Unlike the dot-com era, these investments are underpinned by solid business models and real profits. Experts predict that the productivity unlocked by AI could create significant economic value.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
Recent comments from Federal Reserve Chairman Jerome Powell underscore the importance of investing in artificial intelligence (AI) as a driving force for economic growth in the United States. Powell emphasized that unlike the dot-com bubble, current AI investments are based on solid business models and real profits. This assessment is supported by the massive investments in data centers and semiconductor technologies that serve as the backbone of AI development.
Powell noted that AI investments are not driven by monetary policy or low interest rates, but are based on long-term assessments that this area offers significant potential for productivity gains. This view contradicts the idea that looser financial conditions could fuel a tech bubble. Instead, Powell sees AI development as a structural change that will transform the world of work in the long term.
This assessment is supported by Goldman Sachs, whose analysts found in a study that expected investment levels are sustainable, even if the final winners in the AI space are still unclear. The productivity gains from AI could represent up to $19 trillion in value to the U.S. economy, according to Goldman Sachs. These investments currently represent less than 1% of US GDP, suggesting there is still plenty of room for growth.
Powell highlighted that the wave of investment is already having a real impact on the economy, particularly through the construction of data centers and associated infrastructure. These developments are helping to increase industrial electricity demand and forcing utilities to expand their networks. However, despite these positive developments, Powell warned that it is still too early to describe the current wave of investment as a permanent productivity revolution. The distribution of the AI economy is uneven and concentrated in a few capital-intensive companies, which could slow the spread of productivity gains across the broader economy.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “AI Investments: A Sustainable Growth Engine”.