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A quote from Paul Kedrosky One analyst recently speculated (via Ed Conard) that, based on Nvidia's latest datacenter sales figures, AI capex may be ~2% of US GDP in 2025, given a standard multiplier
Techmeme: As a percentage of US GDP, AI datacenter capex is already . . . As a percentage of US GDP, AI datacenter capex is already larger than peak telecom spending during the dot-com era and is approaching the railroad spending boom — AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom
Will AI data centers crash the US economy? - Asia Times The US economic data for the last few months is looking decidedly meh The latest employment numbers were so bad that Trump actually fired the head of the Bureau of Labor Statistics, accusing her of manipulating the numbers to make him look bad But there’s one huge bright spot amid the gloom: an incredible AI data center building boom