Federal Reserve Governor Christopher Waller said that the current US data center construction plan still shows that corporate capital expenditure related to AI development and related technology upgrades is growing rapidly. High-tech investment continues to expand strongly. Previously, the market feared that traditional software investments might be impacted as AI programming capabilities continued to improve, but this was not the case. Currently, the growth rate of software investment in the US is still close to the long-term historical average. Waller clearly disagrees with outsiders that AI investment is too concentrated in a few capital-intensive industries, thereby “artificially boosting” US GDP growth. He believes that AI infrastructure construction itself is part of actual economic activity, so it should be included in GDP. Even if the peak of future data center construction gradually passes, AI technology will continue to affect productivity and economic activity, and may gradually be integrated into residents' lives and business operations like the Internet.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.