PROCEEDINGS OF THE FEDERAL RESERVE CONFERENCE: AI ' S ACTUAL INVESTMENT EXPENDITURE FOR DATA CENTRES, HIGH-TECH EQUIPMENT AND SOFTWARE

ON 9 JULY, THE MINUTES OF THE JUNE MEETING OF THE FEDERAL RESERVE INDICATED THAT EXISTING INDICATORS INDICATED THAT REAL GDP GROWTH REMAINED STEADY IN THE SECOND QUARTER. REAL PRIVATE DOMESTIC FINAL EXPENDITURES — INCLUDING PERSONAL CONSUMPTION SPENDING AND PRIVATE FIXED INVESTMENT — USUALLY REFLECT MORE THE ECONOMIC FUNDAMENTALS THAN REAL GDP — REBOUNDED IN THE SECOND QUARTER, INCREASING EVEN FASTER THAN GDP. REAL CONSUMPTION EXPENDITURE WAS STRONG, AND THE EXPANSION OF ARTIFICIAL INTELLIGENCE CONTINUED TO DRIVE ACTUAL INVESTMENT EXPENDITURES FOR DATA CENTRES, HIGH-TECH EQUIPMENT AND SOFTWARE. DATA FROM APRIL INDICATE THAT EXPORTS AND IMPORTS OF HIGH-TECHNOLOGY PRODUCTS HAVE CONTINUED TO GROW STRONGLY, WITH A MARKED INCREASE IN ENERGY EXPORTS。