Today, many consumers directly interact with AI through applications like ChatGPT or through summarized search results on Google or Apple.
For now, the gains from this increased spending on AI tech and infrastructure have been relatively narrow both in terms of jobs and financial returns.
Later that day, Amazon's AWS cloud-computing group announced it would spend $11 billion on AI-related investments in the state of Georgia.
And in December, Japanese conglomerate Softbank held a joint news conference with Trump to announce $100 billion on AI-related spending in the U.S.
One financial executive recently summarized the outsized weight of AI on the economy in a tongue-in-cheek manner.
Persons:
”, Ed Yardeni, Skanda Amarnath, Amarnath, “ We’re, ” Amarnath, Sam Altman, Jason Redmond, ” Sam Altman, Jim Covello, Goldman Sachs, Donald Trump, Softbank, Tesla —, ” Yardeni, ” Yardei, “, ” Marc Rowan, Tania Babina
Organizations:
Google, Yardeni Research, Bloomberg, NBC News, Microsoft, Getty, NASDAQ, Uber, United, United Arab Emirates, Trump, U.S, Apple, Nvidia, Tesla, Constellation Energy, Vistra, Constellation, Associated, Contractors of America, Employment, Apollo Global Management, Financial, Columbia Business
Locations:
U.S, America, Redmond, Wash, AFP, United Arab, Georgia, Crunchbase