The US-led AI boom is offsetting the global growth squeeze from the energy crunch; ING says the boom accounts for about a third of recent US economic growth (Jason Douglas/Wall Street Journal)

The AI surge driven by U.S. firms is compensating for the global slowdown caused by the energy crisis, with ING estimating that AI activity contributes roughly one-third of recent U.S. economic growth. This boost is reflected in heightened investment and deployment of large-scale models across sectors, counterbalancing tighter energy markets.