How much of our economic growth depends on AI?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 July 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
The AI boom has boosted tech spending to levels not seen since the IT boom of the 1990s. All of the spending on the AI infrastructure buildout is contributing to economic growth, but that kind of investment won’t necessarily support the broader economy over the long run. Also on the program: The producer price index showed a bigger drop than economists expected, and proposed changes could affect how billions of dollars in federal research grants are awarded.
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Transcript
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| 0:00.0 | Programming, supported by Trinity Exteriors, a local team working to help neighbors across Minnesota maintain safe, comfortable homes, offering roofing, siding, and window renovations, information, and more at trinityexteriors.com. |
| 0:15.0 | For decades, companies built their procurement and supply chains around cost and efficiency. |
| 0:20.0 | Today, that's no longer enough. |
| 0:23.0 | Wars, trade conflicts, and the regionalization of trade have changed the rules. |
| 0:28.1 | Companies still need to control costs, but they also need to reduce risk and respond faster |
| 0:33.4 | to disruptions and shocks. |
| 0:35.5 | GEP helps the world's leading enterprises do exactly that. |
| 0:39.8 | Through its AI-native quantum intelligence platform and services, |
| 0:43.7 | GEP helps companies gain visibility, predict and manage risk, |
| 0:47.6 | and make smarter capital investments across their global value chain. |
| 0:52.0 | More than 7,000 employees across 30 offices support over 1,000 organizations worldwide. |
| 0:58.5 | GEP combines agenic AI with three decades of procurement and supply chain data and expertise. |
| 1:05.6 | Learn more at gEP.com. |
| 1:10.1 | Just how much of our economic growth is dependent on AI. |
| 1:15.1 | From Marketplace in New York, I'm Kimberly Adams. |
| 1:18.0 | We're going to get our first look at GDP for the second quarter later this month. |
| 1:22.6 | And if it's anything like the first quarter, the data will show us that the economy is being increasingly fueled |
| 1:28.2 | by investment in AI, all the spending that goes into building data centers, along with all the |
| 1:33.8 | other technology that powers artificial intelligence. Marketplace's Justin Ho reports. |
| 1:39.1 | It's been a while since we've seen this much spending by the tech sector. |
| 1:42.0 | We haven't really seen it since the 1990s when we saw the growth of the internet. |
| 1:48.3 | Charlie Doherty is a senior economist with Wells Fargo. |
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