From:
In a CNN Business story on how the Texas governor's race upset and Democratic wins could slow the data center boom, Columbia Business School economist Stijn Van Nieuwerburgh estimates that AI infrastructure spending will approach $1 trillion a year for the foreseeable future. As a share of GDP, that would outpace every other investment boom in modern U.S. history, including the building of the railroads. The story looks at what slower spending could mean for jobs and economic development tied to AI.
