US-led AI boom offsets global growth squeeze from energy crunch, says ING
| Source: Techmeme | Original article
The AI surge in the United States is cushioning the world’s slowdown caused by the energy crisis, contributing roughly a third of the country’s recent economic growth, ING says.
The Wall Street Journal reports that a surge in artificial‑intelligence activity in the United States is now cushioning the world economy from the slowdown caused by the ongoing energy crunch. According to a new analysis from ING, AI‑related output accounts for roughly one‑third of the United States’ recent economic expansion, offsetting weaker growth elsewhere that stems from higher energy prices and supply constraints.
The finding arrives as growth in the United States remains resilient despite a backdrop of renewed trade frictions, heightened geopolitical risk and volatile bond markets. ING’s assessment suggests that the AI boom is not merely a sectoral upswing but a macro‑level driver that is reshaping the composition of U.S. GDP. By generating new demand for hardware, software services and high‑skill labour, AI appears to be compensating for the drag on traditional industries that are more exposed to energy cost pressures.
The implications are two‑fold. First, policymakers may need to consider AI’s growing contribution when calibrating fiscal and monetary tools, especially if the sector’s momentum slows. Second, investors and corporate strategists are likely to watch for signs that the AI‑driven boost can be sustained, such as continued venture funding, adoption rates in manufacturing and services, and the emergence of regulatory frameworks that could either enable or constrain further expansion.
Going forward, analysts will track updated GDP breakdowns, ING’s next quarterly outlook, and any shifts in trade or energy policy that could alter the balance between AI‑led growth and the broader economic headwinds still facing the global economy.
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