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AI Investment Powers U.S. Economic Growth | New Orleans News
Description
U.S. businesses are pouring money into artificial intelligence, with capital goods orders up 0.9% in June — fueled by heavy spending on computers and electronics. This AI-driven investment is helping cushion the economy against global tensions and trade disputes, as shipments of core equipment surged 1.9%, signaling active deployment and stronger Q2 growth. Economists credit this tech surge as a key stabilizer amid uncertainty, with expectations of continued double-digit equipment spending and a rebound in vehicle purchases, all supported by favorable government policies. This isn’t just about AI — it’s a major engine powering the U.S. economy right now.
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