Sorry, Skeptics — AI Is Not a Bubble

First, a few numbers. This year Amazon, Microsoft, Alphabet, and Meta will spend more than $700 billion building AI infrastructure. There are 1,500 data centers in development across the country. AI-linked stocks make up at least 40% of the S&P 500. These are the kinds of numbers that make some economists jumpy. If this whole AI thing doesn't pan out, they ... Show More