Paul Kedrosky:

As a percentage of US GDP, AI datacenter capex is already larger than peak telecom spending during the dot-com era and is approaching the railroad spending boom  —  AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom

Paul Kedrosky:

As a percentage of US GDP, AI datacenter capex is already larger than peak telecom spending during the dot-com era and is approaching the railroad spending boom  —  AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom

Source: TechMeme
Source Link: http://www.techmeme.com/250803/p14#a250803p14