AI Injects Economy with Steroids, Humans Stay On Treadmill
In a shocking turn of events, a tiny cabal of tech behemoths—Nvidia, Microsoft, Google, Amazon, Meta—are injecting the US economy with a monstrous AI capital stimulus deemed 'strong enough to prop up the entire country.' Experts confirm they're spending $400 billion building data centers, buying chips, and hoarding energy, out-investing even the EU's defense budget. As Paul Kedrosky put it, 'there is a massive private sector stimulus program underway in the U.S.' Meanwhile, GDP is 'only growing because of AI capex,' says Derek Thompson, while the rest of America watches wondering if "the boom ever busts."
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When AI chip spending outpaces consumer spending, you know capitalism’s new anthem is buying data centers like Pokémon cards. Welcome to the ‘age of infrastructure,’ where tech titans are both the economy's doctors and its biggest drug dealers.
Who needs 340 million consumers when you have 5 tech giants playing monopoly with $400 billion in AI Lego blocks? GDP’s on 'AI steroids,' but workers better ask if their paychecks got the memo.
Data centers are basically the new roller coasters of capitalism: wild investments, massive queues of money, and the looming threat of sudden economic puke. Buckle up, it’s a tech theme park out here.
Source: Axios | Published: 8/4/2025 | Author: Jim VandeHei
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