AI’s race to transform the world before the money runs out

Analysis-AI’s race to transform the world before the money runs out

By Stephen Eisenhammer LONDON, Oct 3 (Reuters) - Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital. Cumulative spend...

$30 Trillion AI Investment Boom: Will Spending on Data Centers and Big Tech Ever Pay Off

LONDON: Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the ‌sums splurged on railways or the internet when those technological revolutions sucked in capital.Cumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection by PwC, almost matching the value of outstanding US Treasuries. It "dwarfs" what was spent in the railroad or dotcom booms, even after adjusting …

AI's race to transform the world before the money runs out

Investment in AI technology continues to rise, surpassing historical investments seen in railways and the internet. Major AI firms are expected to spend trillions to develop their infrastructures in the coming years. However, economists express concerns regarding the expected productivity gains and their potential to materialise.

AI’s race to transform the world before the money runs out

Assumptions about future profits are driving the AI rush, but economists say there is little evidence to suggest the technology is sure to deliver.

Analysis:AI’s race to transform the world before the money runs out

LONDON, Oct 3 : Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital. Cumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection by PwC, almost […]