Joey Politano, a renowned economist and commentator, joins David on Macro Musings to discuss the recent AI investment boom and its impact on economic growth trends.
The surge in AI investments is driving significant growth in US data center construction and imports of computer hardware. This shift signifies a fundamental change in tech industry dynamics.
Politano highlights that with the advancement of artificial intelligence, including generative AI like ChatGPT, companies are now investing heavily in technologies that were previously one layer removed from consumer products.
Moreover, increased demand for nuclear energy is being driven by AI’s potential to accelerate scientific research. This underscores the transformative power of AI on economic growth and innovation.
David Beckworth, an assistant professor of economics at Texas State University and author of Macro and Other Market Musings, hosts Joey Politano on the show to explore these emerging trends.
Source: https://seekingalpha.com/article/4745754-joey-politano-ai-investment-boom-trends-economic-growth