Investment in artificial intelligence is giving new impetus to the US economy
According to estimates by investment bank UBS, companies will spend $375 billion on AI infrastructure in 2025, and this amount could increase to $500 billion next year.
According to estimates by investment bank UBS, companies will spend $375 billion on AI infrastructure in 2025, and this amount could increase to $500 billion next year.
As the New York Times reports , citing data from the US Department of Commerce, investment in software and computer hardware alone accounted for a quarter of all economic growth last quarter. Traditional industries such as construction and energy are benefiting from the AI boom, as companies building data centers are eager to tell investors about the new opportunities.
Construction and energy companies are getting in on the AI gold rush. Duos Technologies, which provides analytics for railroads, has expanded into building small data centers, while environmental services provider BioLargo is selling its energy storage systems, and NANO Nuclear Energy sees new opportunities for its small reactors.
According to Dodge Construction Network, data center construction will grow by an average of 13.2% per year through 2029. That’s much faster than any other sector it tracks. Even American company Amrize, one of the largest suppliers of building materials, has developed an “AI-optimized” concrete mix for Meta data centers.
Investment bank UBS reports that companies will spend $375 billion on AI infrastructure in 2025, and this amount could increase to $500 billion starting next year.
Despite the rapid development, economists warn of potential risks. Raymond James Chief Economist Eugenio Aleman believes there is a risk of a major correction if AI expectations fail to materialize, drawing parallels with the dot-com crash of 2001.
However, experts believe that a sharp decline is unlikely, as funding for data centers comes from a variety of sources and the demand for data continues to grow rapidly. Vacancy in leased data centers is almost zero, and even if the hype around AI subsides, the demand for them will remain high. The main constraints to growth are problems with the supply of electricity, water and labor, as well as resistance from local communities that were previously happy to welcome such projects.
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