Musk: AI may enable the U.S. GDP growth rate to reach 4% next year

Elon Musk stated on the social media platform X that artificial intelligence could double the U.S. economic growth rate from about 2% to 4% next year, and it may even be higher.

Apollo's Chief Economist Torsten Slok estimates that from 2027 to 2029, U.S. capital expenditures related to artificial intelligence could reach around 3% of GDP each year. Moody's analysts say that U.S. tech companies are expected to invest nearly $1 trillion in chips and data centers by 2027.