A new analysis of the AI buildout shows its staggering scale: $10.3 trillion in estimated AI infrastructure investment through 2032. - That amounts to 3.6% of GDP a year, dwarfing the investment booms that built America's railroads , highways, electric grid and telecom networks. Why it matters: The AI boom has become far too big and too costly for even the largest tech companies to finance alone. This has resulted in trillions of dollars in demand for outside capital — and the potential risks that come along with that, according to new research being presented Friday at the Brookings Papers on Economic Activity. - Financing the buildout will require tapping bond markets, banks and private credit on a massive scale, adding to the…
A new analysis of the AI buildout shows its staggering scale: $10.3 trillion in estimated AI infrastructure investment through 2032. - That amounts to 3.6% of GDP a year, dwarfing the investment booms that built America's railroads , highways, electric grid and telecom networks. Why it matters: The AI boom has become far too big and too costly for even the largest tech companies to finance alone. This has resulted in trillions of dollars in demand for outside capital — and the potential risks that come along with that, according to new research being presented Friday at the Brookings Papers on Economic Activity. - Financing the buildout will require tapping bond markets, banks and private credit on a massive scale, adding to the…Open
CNN’s Anderson Cooper sits down with NVIDIA CEO Jensen Huang to discuss his relationship with AI regulation. Watch 24/7 live news with CNN Headlines: https://bit.ly/4eIvlTr #AI #Technology #News
Senate Majority Leader John Thune says President Trump is "not really dug in" against guardrails for AI , despite Trump's public campaign against restricting the technology. Why it matters: Thune told Axios he spoke privately with Trump as the AI issue was getting "pretty hot" a few weeks ago and believes some of Trump's strong pushback is against public "paranoia and noise around the subject." - Thune reads Trump's position as a preference for companies coming up with ways to secure their systems, rather than Congress or the administration. That approach relies more on experts to provide guidance. - Trump has called recent fears around AI safety a "hoax." - "I do think that the threats are real," Thune told Axios in an interview on…
Senate Majority Leader John Thune says President Trump is "not really dug in" against guardrails for AI , despite Trump's public campaign against restricting the technology. Why it matters: Thune told Axios he spoke privately with Trump as the AI issue was getting "pretty hot" a few weeks ago and believes some of Trump's strong pushback is against public "paranoia and noise around the subject." - Thune reads Trump's position as a preference for companies coming up with ways to secure their systems, rather than Congress or the administration. That approach relies more on experts to provide guidance. - Trump has called recent fears around AI safety a "hoax." - "I do think that the threats are real," Thune told Axios in an interview on…Open
The left's push to rein in AI is taking shape on two fronts: slowing advanced development at home, and weakening China's progress abroad. Why it matters: The nation is locked in a moment of mass anxiety about runaway AI, but the range of views on how to regulate it are as varied as the what-ifs about social, economic and security impacts. - There's agreement among the left something has to be done, but a series of Wednesday events demonstrated there are multiple priorities — but not a clear leading voice — on AI. Driving the news: Independent Sen. Bernie Sanders (Vt.) and fellow progressive Rep. Greg Casar (D-Texas) introduced legislation Wednesday to ban superintelligence and pause advanced development until a new, Cabinet-level…
The left's push to rein in AI is taking shape on two fronts: slowing advanced development at home, and weakening China's progress abroad. Why it matters: The nation is locked in a moment of mass anxiety about runaway AI, but the range of views on how to regulate it are as varied as the what-ifs about social, economic and security impacts. - There's agreement among the left something has to be done, but a series of Wednesday events demonstrated there are multiple priorities — but not a clear leading voice — on AI. Driving the news: Independent Sen. Bernie Sanders (Vt.) and fellow progressive Rep. Greg Casar (D-Texas) introduced legislation Wednesday to ban superintelligence and pause advanced development until a new, Cabinet-level…Open
Chicago could halt new data center development within city limits for a year. Why it matters: Data centers' growing demand for electricity and water could affect residents' utility bills and the environment, and city leaders want more time to study those impacts. The latest: Mayor Brandon Johnson, along with a group of alders, is pushing for a 12-month moratorium while the city develops a "comprehensive regulatory framework" for data centers. - There are 39 active data centers in Chicago, according to the city. Details: The proposal would give Johnson's Data Centers Task Force time to study the industry's impacts on clean air, clean water and energy use. What they're saying: "Chicago is open for business, but we are not for sale,"…
Chicago could halt new data center development within city limits for a year. Why it matters: Data centers' growing demand for electricity and water could affect residents' utility bills and the environment, and city leaders want more time to study those impacts. The latest: Mayor Brandon Johnson, along with a group of alders, is pushing for a 12-month moratorium while the city develops a "comprehensive regulatory framework" for data centers. - There are 39 active data centers in Chicago, according to the city. Details: The proposal would give Johnson's Data Centers Task Force time to study the industry's impacts on clean air, clean water and energy use. What they're saying: "Chicago is open for business, but we are not for sale,"…Open
The shift of the AI frontier toward more powerful, lower-cost models could pave the way for safely slowing development, experts say. Why it matters: Top U.S. startups including OpenAI and Anthropic, as well as other AI players, have to develop a financially viable path to allow them to slow development. Otherwise financial incentives will be too powerful . Driving the news: The health of the entire U.S. economy now rests in part on the AI boom. Yet the companies at the center of the race are burning far more cash than they take in, and will be for the foreseeable future. - Their top executives have also shown unusual solidarity in expressing a desire to slow the pace of model development due to a troubling series of incidents in which…
The shift of the AI frontier toward more powerful, lower-cost models could pave the way for safely slowing development, experts say. Why it matters: Top U.S. startups including OpenAI and Anthropic, as well as other AI players, have to develop a financially viable path to allow them to slow development. Otherwise financial incentives will be too powerful . Driving the news: The health of the entire U.S. economy now rests in part on the AI boom. Yet the companies at the center of the race are burning far more cash than they take in, and will be for the foreseeable future. - Their top executives have also shown unusual solidarity in expressing a desire to slow the pace of model development due to a troubling series of incidents in which…Open
