TLDR AI · DEEP DIVES & ANALYSIS
WITHOUT AI, US CAPEX WOULD BE IN A SLUMP
Summary from the TLDR AI newsletter
Data center construction contributed as much to GDP growth as consumer spending in the first half of 2025, a historic shift given that consumer spending typically represents 70% of economic activity. AI infrastructure spending masked what would have been a -1.5% GDP contraction in Q1. AI-sensitive sectors have driven 53% investment growth since 2019 compared to flat performance elsewhere.