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AI Investments Drove 75% of U.S. GDP Growth in Q1, White House Advisor Says

GateNews
StocksAI Industry News

According to David Sacks, White House AI and crypto advisor, commenting on Morgan Stanley data released in early May, AI-related investments contributed approximately 75% of U.S. GDP growth in the first quarter of 2026. Sacks noted that AI investment will drive about 2.5% of GDP growth this year and over 3% next year, significantly larger than previously recognized.

Morgan Stanley’s report forecasts the five major cloud providers—Amazon, Alphabet, Meta, Microsoft, and Oracle—will increase capital expenditures to approximately $805 billion in 2026, up from the prior estimate of $765 billion, and to $1.1 trillion in 2027, up from $951 billion.

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