AI Could Double US GDP Growth to 4% Next Year Amid Capital Hurdles, Says Elon Musk
Elon Musk said artificial intelligence could lift U.S. growth to about 4%, while Dolat Capital warned higher yields and monetization risks could slow AI spending.
- Elon Musk estimated that artificial intelligence could raise U.S. gross domestic product growth from about 2% to 4% next year.
- Musk added that growth could be higher than 4%.
- Dolat Capital said artificial intelligence investment is facing its first major macroeconomic test as central-bank policies increase funding challenges.
- Dolat Capital identified monetization and investment returns as unresolved risks for continued artificial intelligence spending.
12 Articles
12 Articles
The Economic Times
AI could double US GDP growth to 4% next year amid capital hurdles, says Elon Musk
The projection comes at a time when the broader artificial intelligence investment landscape encounters its first major macroeconomic test, according to a recent report by brokerage firm Dolat Capital.
According to ChainCatcher, Elon Musk said on social media platform X: Artificial intelligence may double the US economic growth rate from around 2% to 4% next year, and possibly even higher. Apollo's chief economist Torsten Slok estimates that from 2027 to 2029, capital expenditure related to artificial intelligence in the US could reach around 3% of GDP each year. American tech companies expect to invest nearly $1 trillion in chips and data cen…
Elon Musk Predicts AI Will Roughly Double U.S. GDP Growth Next Year
Elon Musk offered a notably specific near-term economic forecast, stating that artificial intelligence is likely to roughly double U.S. GDP growth next year. In a post on X, the Tesla and xAI CEO wrote, “My guess is that AI roughly doubles US GDP growth next year from 2% to 4%. Maybe even more.” While speaking […]
AI could double US GDP growth to 4% next year, says Elon Musk
Washington: Tesla and SpaceX CEO Elon Musk said artificial intelligence (AI) could potentially double the growth rate of the US economy to around 4 per cent next year. This statement comes amid blistering advances in the technology and increased investment in it. “My guess is that AI roughly doubles US GDP growth next year from […]
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