HARVARD ECONOMIST: AI DATA CENTER BOOM POWERS 92% OF US GDP GROWTH, MASKING ECONOMIC STAGNATION

Summary from the TLDR AI newsletter

The massive spending on AI data centers is almost single-handedly propping up the US economy. It drove 92% of GDP growth in the first half of this year. The economy could have flatlined with just 0.1% growth without the investment. The surge stems from an escalating AI compute arms race. The spending raises concerns about an unsustainable bubble masking weakness elsewhere.