US economy grows 3.4% in third quarter as AI investment rises

First reported by Financial Times at · Updated · 2 sources

Investment in AI and consumer spending helped fuel economic growth, according to the Financial Times, which reported that the result exceeded forecasts. PYMNTS reported that real GDP growth accelerated, with gross private domestic investment, including information processing equipment, contributing to the expansion, citing Bureau of Economic Analysis data.

Covered by 2 publishers within 2 hours of the first report.

Reporting2

Financial Times US economy beats forecasts to grow at 3.4% rate in third quarter
PYMNTS AI Hardware Investment Drives 3.4% Growth in US Economy · PYMNTS

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