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Benzinga
Benzinga
Business
Piero Cingari

AI Spending Boom Just Made US Economy Look Weaker Than It Really Is

US GDP Report

The U.S. economy looked surprisingly soft on paper in the second quarter. Yet beneath the headline, it may have delivered one of the strongest signals yet that the artificial intelligence investment boom is accelerating.

Gross domestic product grew at an annualized 1.5%, slowing from 2.1% in the first quarter and missing economists’ expectations for 2.1%.

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