WA economy grows fastest in nation thanks to AI spending

Washington’s GDP growth comes almost entirely from the state’s information sector, which includes companies that provide software, cloud computing, digital services and communication technology.

“Those are all things Washington state excels in,” said James McCafferty, co-director of Western Washington University’s Center for Economic and Business Research.

Although the information sector encapsulates many types of businesses, McCafferty and his fellow co-director Hart Hodges believe that AI spending in the tech sector is behind the jump.