Kai Risdahl

So there's that.

Also, we got economic growth.

Gross domestic product grew at an annualized rate of 2 percent January to March.

So said the Bureau of Economic Analysis this morning.

Growth was a bit below what everybody had been guessing, but way better than the meager half percent growth

in the last three months of last year.

Part of it was the pickup and the end of the longest ever government shutdown.

Daniel Ackerman has the rest of it.

A big reason for last quarter's GDP growth was, you guessed it.

That was Ishwar Prasad of Cornell, Michael Pierce of Oxford Economics, and Shannon Grein of Wells Fargo, all in agreement that AI is pretty much driving economic growth right now.

Pierce says it's not just that businesses are pouring money into AI.

Pierce says that strong stock market is in turn propping up the top contributor to the US economy, consumer spending.

Pierce says some of the AI excitement is ironically limiting economic growth because U.S.

firms are sending money abroad to import chips and computer parts.

But with so much activity concentrated in one industry, there's a question of whether this is economically sustainable.

Stephen Cates is with Bankrate.

There are some risks.

I'll put it that way.

But Kate says compared to, say, the dot-com bubble of 2000, the AI boom appears broader.

Construction is happening.