The hundreds of billions of dollars companies are investing in AI now account for an astonishing 40 per cent share of US GDP growth this year. And some analysts believe that estimate doesn’t fully capture the AI spend, so the real share could be even higher.
AI companies have accounted for 80 per cent of the gains in US stocks so far in 2025. That is helping to fund and drive US growth, as the AI-driven stock market draws in money from all over the world, and feeds a boom in consumer spending by the rich.
Since the wealthiest 10 per cent of the population own 85 per cent of US stocks, they enjoy the largest wealth effect when they go up. Little wonder then that the latest data shows America’s consumer economy rests largely on spending by the wealthy. The top 10 per cent of earners account for half of consumer spending, the highest share on record since the data begins.
With Grok, Grokipedia aims for maximum truth through first principles and physics.
Fuck you.
Signed,
a physicist
zoom and enhance
By Doug Melville, Contributor.
The Forbes "contributor" hive strikes again.
To quote the most pedantic nerds on Earth (complimentary),
Most content on Forbes.com is written by contributors or "Senior Contributors" with minimal editorial oversight, and is generally unreliable. Editors show consensus for treating Forbes.com contributor articles as self-published sources, unless the article was written by a subject-matter expert. Forbes.com contributor articles should never be used for third-party claims about living persons.
wiki-editing weirdos (derogatory)
Well, they're already using "waffles" as a transphobic slur (irony poisoning speedrun any%), so it's really more of a question of which transphobic slurs they'll escalate to next.
While most bullish outlooks are premised on economic reacceleration, it’s difficult to ignore the market’s reliance on AI capex. In market-pricing terms, we believe we’re closer to the seventh inning than the first, and several developments indicate we may be entering the later phases of the boom. First, AI hyperscaler free-cash-flow growth has turned negative. Second, price competition in the "monopoly-feeder businesses” seems to be accelerating. Finally, recent deal-making smacks of speculation and vendor-financing strategies of old.
If a race of aliens with an IQ of 300 came to Earth
Oh noes, the aliens scored a meaningless number on the eugenicist bullshit scale, whatever shall we do
Next you'll be telling me that the aliens can file their TPS reports in under 12 parsecs
A new psychology preprint argues that "contemporary AI is research misconduct".