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#Artificial Intelligence dominates everything nowadays. The daily newsletter from Apollo chief economist Torsten Slok today reported that in the first half of this year, “the contribution to GDP growth from data center investments has been the same as the contribution from consumer spending.” Typically, consumer spending is the engine for the U.S. economy, so the fact that data center construction is contributing as much is a huge deal. It’s also, for anyone prone to envisioning bad things around the corner, a bit of a worry. What happens if (or when) something happens that sparks a reversal of this massive investment in AI capacity?
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