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Eric Hovde: “AI capital expenditures...is estimated to have provided…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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Gross Domestic Product

Published | Video Starts at 01:37

So a lot of that was happening at a personal level, and it was happening in a big way at a business level. And the other thing is AI capital expenditures, which I'm going to get into, AI capital expenditures...is estimated to have provided about 0.8 to 1.1% of GDP growth in the first half. half. So a lot of the growth in the first half is around AI capital investment, retail sales, (01:37–01:54)

CLAIM

Asserts that AI capital expenditures contributed 0.8 to 1.1% to GDP growth in the first half of the year.

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