US AI Economics
The AI infrastructure build-out is so gigantic that in the past 6m, it contributed more to the growth of the U.S. economy than /all of consumer spending/
The 'magnificent 7' spent more than $100 billion on data centers and the like in the past three months *alone*
As a % of GDP, spending on AI infra has already exceeded spending on telecom and internet infrastructure from the dot-com boom—and it’s still growing.
This spending is so big it’s acting as a sort of private-sector stimulus program.
