Is AI spending propping up the economy?

Global AI spending will top more than $330 billion in 2025 and $500 billion by the end of 2026. And by 2030, it could take about $2 trillion a year to support the infrastructure being built today. That's more than Amazon, Apple, Microsoft, Meta, Nvidia, and Google's parent company, Alphabet, made combined in revenue in 2024.It's the start of trillions being spent in this buildout of the fourth industrial revolution. Big tech right now is doing the equivalent of building Vegas in the 1950s where there was ju ...