US economy grows at 2% pace in first quarter as AI boom fuels investment
Rush by businesses to purchase tech equipment offsets deceleration in consumer spending
Related reading
US economy grew at 4.3% rate in third quarter
Figure surpasses expectations after growth boosted by consumer spending
Big Tech’s AI payback might be coming into view
Earnings hint at growth trajectory despite increases in capital spending
UK economic growth slows in second quarter
Expansion of 0.3% marks a sharp slowdown from 0.7% in first three months of the year
The economic question we forget to ask about AI
Forget the singularity and robot takeovers; what matters is who captures the value added
US to extend productivity lead on back of AI boom, say economists
FT survey shows America’s dominance in areas such as technology is not expected to reverse soon
US economy beats expectations to add 178,000 jobs in March
Figure signals improvement in the labour market after string of bleak data releases