Elon Musk predicts that artificial intelligence will greatly accelerate the growth of the US economy. He believes that artificial intelligence may double the economic growth rate from about 2% to 4% next year. “I estimate that artificial intelligence will increase the US GDP growth rate from about 2% to about 4% next year, and maybe even higher,” Musk wrote on social media platform X. At the time the forecast came out, investors were debating whether the huge investment in AI infrastructure would translate into widespread productivity gains, and how quickly. Currently, the scale of the investment boom is quite impressive. According to reports, Apollo's chief economist Torsten Slok estimates that from 2027 to 2029, US capital expenditure related to artificial intelligence may reach about 3% of GDP each year, up from about 0.6% three years ago.

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