Elon Musk said on X that artificial intelligence could double U.S. economic growth next year from about 2% to 4%, and possibly higher. The comment came alongside estimates cited in the same report that point to a sharp rise in AI-related investment over the next several years. Apollo chief economist Torsten Slok estimated that AI-related capital spending in the United States could reach about 3% of GDP annually from 2027 to 2029. Separately, Moody’s analysts said U.S. technology companies are expected to invest nearly $1 trillion in chips and data centers by 2027. Together, the figures sketch out the scale of spending tied to AI infrastructure, even as the timeline for broader economic gains remains centered on Musk’s outlook for next year.
Elon Musk said on social media platform X that artificial intelligence could double U.S. economic growth next year from about 2% to 4%, and possibly even higher.
Apollo chief economist Torsten Slok estimated that AI-related capital spending in the United States could reach about 3% of GDP each year from 2027 to 2029.
Moody’s analysts said U.S. technology companies are expected to spend nearly $1 trillion on chips and data centers by 2027.
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