Archive · Business Recorder
AI’s race to transform the world before the money runs out
LONDON: Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital. Cumulative spending globally on data centers alone could top USD30 trillion by 2050, according to a projection by PwC, almost matching the value of outstanding US Treasuries. It “dwarfs” what was spent in the railroad or dotcom booms, even after adjusting for inflation, PwC said. Meanwhile, Anthropic, just one of the major firms in the AI race, plans to spend USD518 billion in coming years, according t...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →