I think the big companies are betting on it causing massive job replacement by AI, because that's where the big money is going to be,
It takes a lot of computing power to run an AI product - and as the tech industry races to tap the power of AI models, there's a parallel race underway to build the infrastructure that will power them. On a recent earnings call, Nvidia CEO Jensen Huang estimated that between $3 trillion and $4 trillion will be spent on AI infrastructure by the end of the decade - with much of that money coming from AI companies.
Yet some analysts are saying that you should believe the hype. They argue: Corporate demand for AI tools is real and growing. AI build-out is being funded by hard cash from tech company balance sheets, not risky debt. Stock valuations are not as extreme as they were in the dotcom crash of 2000. And even if a crash in AI did happen, the fallout wouldn't tip the U.S. into recession.
Google has officially opened the doors of its $1 billion data center in the UK, part of a £5 billion investment into local infrastructure and the tech giant's first data center in the country. The opening of the data center in Waltham Cross, in Broxbourne on the edge of London, comes as US President Donald Trump is set to arrive in the UK for a state visit
