The capital expenditure on AI by the five major tech giants has surged, expected to account for 3.2% of the US GDP by 2027, surpassing defense spending for the first time
According to the forecast data released by The Kobeissi Letter, the investment boom in the AI sector is reshaping the structure of the U.S. economy. It is expected that by 2027, the capital expenditure of the five major tech giants—Alphabet, Amazon, Meta, Microsoft, and Oracle—in the AI field will a...