AI Sparks a Quantum Leap? Musk's Audacious Forecast: U.S. Economy Headed for Double-Digit Surge
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Author:小编   

Following the release of the third-quarter GDP figures by the U.S. Department of Commerce this Tuesday, the pivotal role of AI in propelling the U.S. economy has ignited a fervent debate on Wall Street. Almost immediately, Musk took to social media, declaring that the U.S. economy is poised to witness double-digit growth within the next 12 to 18 months. He further speculated that, when gauged by applied intelligence, the growth rate could even soar into the triple digits within a five-year span. Musk emphasized that the widespread integration of AI technology would dramatically enhance production efficiency, fueling an explosive surge in economic activity. Presently, investments tied to AI are already playing a substantial role in bolstering U.S. GDP growth. According to CICC Macro data, the annualized quarter-on-quarter growth rate of U.S. GDP in the third quarter climbed to 4.3%, with a significant contribution stemming from investment demand in AI-related equipment. Notably, computer equipment investment witnessed a roughly 44% increase. Bank of America projects that the AI capital expenditures of just five leading AI firms will hit $399 billion this year and are expected to exceed $600 billion in the near future. Nevertheless, Musk's prediction has also raised a host of skepticism. Critics contend that the U.S. economy is currently grappling with issues like persistent inflation and a sluggish job market, presenting numerous hurdles on the path to achieving double-digit growth.