My @wsj.com colleagues put AI-related spending in context with America's earlier large infrastructure buildouts. It's massive. (Gift link.)
www.wsj.com/economy/the-...
wsj.com
The AI Build-Out Is Becoming the Biggest Economic Bet in U.S. History
Data-center spending is greater than that for canals, railroads and grid combined—creating jobs and stock-market wealth, while boosting inflation and crowding out housing.