New Delhi, Sept. 19 -- Artificial intelligence can double the economic growth of the United States in the coming year, lifting expansion from approximately 2 per cent to 4 per cent, stated Tesla and SpaceX chief Elon Musk.

"My guess is that AI roughly doubles US GDP growth next year from ~2% to ~4%," Musk said on X. "Maybe even more."

The projection comes at a time when the broader artificial intelligence investment landscape encounters its first major macroeconomic test, according to a recent report by brokerage firm Dolat Capital.

The brokerage said the current AI investment cycle is different from earlier technology cycles as major hyperscalers have moved from asset-light business models focused on returning cash to shareholders to ...