The most interesting thing about this is that the underlying economy is actually stronger than people realize. The narrative has been that AI data center construction was propping up an otherwise weak economy. If this analysis is true, then it wasn't being propped up by data center construction. The strength was usual and normal strength.

I have no doubt that people will use this to axe grind about they think AI is dumb in general, but I feel like that misses the point that this is mostly about data center construction contributing to GDP.