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thewayneOr, for all intents and purposes, zero.
And how much of that was spurred by the artificial intelligence bubble? Um, pretty much all of it.
From the Slashdot summary:
"U.S. GDP growth in the first half of 2025 was driven almost entirely by investment in data centers and information processing technology. The GDP growth would have been just 0.1% on an annualized basis without these technology-related categories, according to Harvard economist Jason Furman. Investment in information-processing equipment and software accounted for only 4% of U.S. GDP during this period but represented 92% of GDP growth.
Renaissance Macro Research estimated in August that the dollar value contributed to GDP growth by AI data-center buildout had surpassed U.S. consumer spending for the first time. Consumer spending makes up two-thirds of GDP. Tech giants including Microsoft, Google, Amazon, Meta and Nvidia poured tens of billions of dollars into building and upgrading data centers. (emphasis mine)
Let me repeat that. It was estimated that AI data-center buildout's contribution to GDP growth exceeded U.S. consumer spending in August.
So I guess we have an artificial economy, there's certainly no intelligent planning behind it in Washington, not that we do anything resembling central planning. Of course, that's obvious with the tariffs and cancelling renewable energy projects and destroying the federal government from the inside-out.
I previously posted about the AI bubble actually being three bubbles, according to one prognosticator. Which means when those bubbles start bursting, to varying degrees, data center construction will collapse. Which means GDP is going to crater in an absolutely huge way.
Fun times ahead! Might want to pick up a couple of cases of beans. And, of course, a can opener.
https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-half-2025-jason-furman-harvard-economist/
https://slashdot.org/story/25/10/07/2012240/without-data-centers-gdp-growth-was-01-in-the-first-half-of-2025-harvard-economist-says
And how much of that was spurred by the artificial intelligence bubble? Um, pretty much all of it.
From the Slashdot summary:
"U.S. GDP growth in the first half of 2025 was driven almost entirely by investment in data centers and information processing technology. The GDP growth would have been just 0.1% on an annualized basis without these technology-related categories, according to Harvard economist Jason Furman. Investment in information-processing equipment and software accounted for only 4% of U.S. GDP during this period but represented 92% of GDP growth.
Renaissance Macro Research estimated in August that the dollar value contributed to GDP growth by AI data-center buildout had surpassed U.S. consumer spending for the first time. Consumer spending makes up two-thirds of GDP. Tech giants including Microsoft, Google, Amazon, Meta and Nvidia poured tens of billions of dollars into building and upgrading data centers. (emphasis mine)
Let me repeat that. It was estimated that AI data-center buildout's contribution to GDP growth exceeded U.S. consumer spending in August.
So I guess we have an artificial economy, there's certainly no intelligent planning behind it in Washington, not that we do anything resembling central planning. Of course, that's obvious with the tariffs and cancelling renewable energy projects and destroying the federal government from the inside-out.
I previously posted about the AI bubble actually being three bubbles, according to one prognosticator. Which means when those bubbles start bursting, to varying degrees, data center construction will collapse. Which means GDP is going to crater in an absolutely huge way.
Fun times ahead! Might want to pick up a couple of cases of beans. And, of course, a can opener.
https://fortune.com/2025/10/07/data-centers-gdp-growth-zero-first-half-2025-jason-furman-harvard-economist/
https://slashdot.org/story/25/10/07/2012240/without-data-centers-gdp-growth-was-01-in-the-first-half-of-2025-harvard-economist-says
