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Source:
CNN
The key question on AI
Big Tech shares fell sharply this week, with the Nasdaq nearing a correction as investors questioned whether AI profits will justify the enormous cost of building data centers and related infrastructure. AI spending has reached $1.6 trillion since 2023 and is expected to approach $1 trillion annually over the next decade, while companies increasingly rely on borrowing to finance it. Bond markets are still lending, but rising borrowing costs or doubts about when AI investments will become profitable could threaten the spending boom.
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