Brookings projects $10.3 trillion US AI infrastructure investment by 2032, surpassing past booms
A Brookings Institution study by economist Stijn van Nieuwerburgh projects US investment in data centers and AI infrastructure could reach $10.3 trillion from 2025 to 2032, averaging 3.6% of GDP annually—surpassing past booms in railroads, highways, and electrification. The report warns that much of this spending is debt-financed through less transparent structures, shifting risk from tech company balance sheets and posing systemic financial dangers if AI revenues fall short.
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