Musk Predicts AI-Driven Growth Surge to 4% in US by 2027

Elon Musk has predicted that artificial intelligence will significantly boost US economic growth to around 4% in 2027, roughly doubling the current rate. This forecast exceeds the Federal Reserve's 2.4% projection for the same year.

Musk made this estimate on X, stating 'My guess is that AI roughly doubles US GDP growth next year from ~2% to ~4%. Maybe even more.'

This prediction comes as the AI investment cycle faces challenges due to higher borrowing costs and persistent questions over when heavy spending on data centres, chips, and computing infrastructure will generate adequate returns.