Artificial intelligence is rapidly reshaping the economic landscape as major technology firms allocate hundreds of billions of dollars toward building the necessary infrastructure to support AI advancements. According to some estimates, this surge in spending could account for nearly half of the projected GDP growth in the current year. Economics correspondent Paul Solman investigates the tangible effects AI is already having on various sectors of the economy. While the technology promises long-term productivity gains, there are growing concerns that the current investment wave might resemble a speculative bubble, with capital flowing in at a pace that may not be sustainable. The report explores whether the enthusiasm surrounding AI is grounded in real economic value or if it risks overheating markets in a manner reminiscent of past tech booms.
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Is a bubble forming as AI investments drive economic growth? | PBS News Hour
PBS News Hour | Clip | Is a bubble forming as AI investments drive economic growth? n nTech companies are pumping hundreds of billions of dollars on infrastructure to ramp up artificial intelligence. Some projections show the spending may be fueling nearly half of this year’s estimated GDP growth. Economics correspondent Paul Solman looks at how AI is already impacting the economy, and whether a new risky bubble could be forming simultaneously.