Elon Musk: AI could boost US GDP growth to 4% next year

Elon Musk stated on X that artificial intelligence could potentially double the US economic growth rate from approximately 2% to 4% or higher next year. Apollo Chief Economist Torsten Slok estimates that AI-related capital expenditure in the US could reach about 3% of GDP annually from 2027 to 2029. Additionally, Moody's analysts report that US technology companies are expected to invest nearly $1 trillion in chips and data centers by 2027.