AI will become one of the largest spending categories in the US economy: AI services are projected to account for a record 8.8% of US GDP in 2032. This estimate shows how much businesses and consumers are expected to spend per year on the services of AI companies. This also im

AI will become one of the largest spending categories in the US economy: AI services are projected to account for a record 8.8% of US GDP in 2032. This estimate shows how much businesses and consumers are expected to spend per year on the services of AI companies. This also implies AI companies would generate ~$3.5 trillion in annual revenue by 2032. By comparison, US consumer spending on food accounts for a similar 9.1% of GDP. This figure would also be ~72% higher than energy, at 5.1% of GDP, and twice the size of construction as well as computers and software, both at 4.4%. It would also be nearly 3x defense, at 2.8%, and more than 7x communications and internet, at 1.2% of GDP. The only category where spending is significantly larger is health, at 18% of GDP. The scale of the AI revolution is unlike anything seen before.