AI Hardware Investment Drives 3.4% Growth in US Economy
By PYMNTS
AI summary of the source article
US real gross domestic product grew at an annual rate of 3.4% in the third quarter, according to the Bureau of Economic Analysis. The growth accelerated, driven by gross private domestic investment, including information processing equipment.
Key facts
- US real GDP grew at an annual rate of 3.4% in the third quarter.
- Growth was driven by gross private domestic investment, including information processing equipment.
- The data was released on Thursday, Oct. 29, by the Bureau of Economic Analysis.
Source excerpt · PYMNTS
The nation’s real gross domestic product growth accelerated in the third quarter, driven by gross private domestic investment, including information processing equipment, according to a data released Thursday (Oct. 29) by the Bureau of Economic Analysis (BEA). Real GDP grew at an annual rate of 3.4% in the third quarter. That figure was up from […] The post AI Hardware Investment Drives 3.4% Growt…