Big Tech’s AI Spending Is Reshaping the Economy

“Big Tech’s unprecedented spending spree on artificial intelligence is getting so big that it’s starting to reshape the U.S. economy,” the Washington Post reports.

“Google, Meta, Amazon and Microsoft reaffirmed this past week that they are on track to spend more than $350 billion this year building and equipping AI data centers — a massive influx of money that economists and analysts say could be a countervailing force to what appears to be a decelerating economy.”