US economy grows at 2% pace in first quarter as AI boom fuels investment
US economy grew 2% in Q1 as AI boom drove business investment, offsetting slower consumer spending.
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the us economy grew at a 2% annualized pace in the first quarter, down from the previous quarter's pace. a rush by businesses to buy tech equipment — driven by the ai boom — offset a deceleration in consumer spending. the data suggests corporate investment in ai infrastructure is propping up growth as household spending cools.
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