World & BusinessThe AI build-out’s place among America’s biggest infrastructure bets
The Wall Street Journal reports that the spending boom is creating jobs and stock-market wealth while boosting inflation and crowding out housing.
TLDR
The Wall Street Journal says the AI build-out is on track to become the biggest economic bet in U.S. history. It reports that data-center spending exceeds spending on canals, railroads and the grid combined, with economic gains from jobs and stock-market wealth alongside costs from higher inflation and housing being crowded out.
The AI build-out’s place among America’s biggest infrastructure bets
The Wall Street Journal reports that the spending boom is creating jobs and stock-market wealth while boosting inflation and crowding out housing.
TLDR
The Wall Street Journal says the AI build-out is on track to become the biggest economic bet in U.S. history. It reports that data-center spending exceeds spending on canals, railroads and the grid combined, with economic gains from jobs and stock-market wealth alongside costs from higher inflation and housing being crowded out.