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AI Provided Nearly All the GDP Growth in the First Quarter
Change in AI-Related Spending from the BEA
Change in Real Spending in Billions of Dollars
IP Equipment: 64.1 billion
Software: 46.1 billion
IP Research and Development: 11.1 billion
Private Nonresidential Fixed Investment: 92.6 billion
Those are all BEA numbers. Because of the way the BEA calculates real numbers, the sum of the parts usually does not match the whole.
Real Private Fixed Investment
Change in Real Private Fixed Investment Spending from the BEA
Private Nonresidential Fixed Investment: 92.6 Billion
Private Residential Fixed Investment: -15.6 Billion
Private IP Equipment, IP Software, R&D: 121.6 billion.
Again, Because of the way the BEA calculates real numbers, the sum of the parts usually does not match the whole.