Where's the beef


"'We don’t actually view AI investment as strongly growth positive,' said Hatzius. 'I think there’s a lot of misreporting, actually, of the impact AI investment had on U.S. GDP growth in 2025, and it’s much smaller than is often perceived.'

"Hatzius said one major reason is that much of the equipment powering AI is imported. 

"While U.S. companies are spending billions, importing chips and hardware offsets those investments in GDP calculations.

"'A lot of the AI investment that we’re seeing in the U.S. adds to Taiwanese GDP, and it adds to Korean GDP but not really that much to U.S. GDP,' he said."

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