Epoch AI Says US GDP Growth Understated by 0.3 Points
Researchers argue official statistics miss Nvidia profits from fabless chip sales.
Epoch AI researcher Yafah Edelman stated that US GDP fails to track over 100 billion dollars in Nvidia profit. The organization estimates this gap causes reported annual GDP growth to be understated by 0.3 percentage points. The discrepancy traces to accounting for fabless AI chip sales. Researcher Josh You posted that GDP is undercounted by tens of basis points due to this method. Multiple AI researchers shared the Epoch post on X and described the analysis as notable.
We discovered that US GDP statistics miss most of the value Nvidia adds to the US economy. As a result, GDP growth has been understated by ~0.3 percentage points over the last year.
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11 postsMB ⿻A AV 
Alex Volkov@altryneThis is kind of a wild discovery, despite being the largest company by market cap in the World, NVIDIA created value is not included in how the GDP is calculated!
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M🪐 mattparlmer 🪐 🌷@mattparlmerYou can safely discard most economic stats that governments publish
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RS Ravid Shwartz Ziv@ziv_ravid"There are three kinds of lies: lies, damned lies, and statistics."
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YJ
