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AI capex is so big that it's affecting economic statistics

(paulkedrosky.com)
339 points throw0101c | 2 comments | 18 Jul 25 19:59 UTC | HN request time: 0.487s | source
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jonas21 ◴[18 Jul 25 21:09 UTC] No.44609857[source]▶
I don't know... 1.2% of GDP just doesn't seem that extreme to me. Certainly nowhere near "eating the economy" level compared to other transformative technologies or programs like:

- Apollo program: 4%

- Railroads: 6% (mentioned by the author)

- Covid stimulus: 27%

- WW2 defense: 40%

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1. mycall ◴[19 Jul 25 03:34 UTC] No.44612358[source]▶
> WW2 defense: 40%

Do you think WW3 defense should be on the charts yet?

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2. lostlogin ◴[19 Jul 25 06:13 UTC] No.44613009[source]▶
Given that defence spending is hovering around 2.0-2.5% of GDP, I don't think we are there yet.

https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS