Approximately, as we don’t have direct observations on items solely related to AI. Figure 1: Imports of computers, computer peripherals, plus semiconductors (blue, left log scale), investment in information equipment, and software (red, right log scale), both in billions Ch.2017$ SAAR. In the last year, computer and peripherals import prices have risen about 15% faster than software, while information equipment prices have risen about 8% faster than software. Further note the increase in summed imports masks a sharp divergence between equipment and semiconductors; the latter jumped enormously, while equipment dropped slightly. My estimate of nominal imports was about$700 billion (SAAR) for Q2, based on April and May imports.