AI and the Coming White-Collar Political Upheaval
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Re: AI and the Coming White-Collar Political Upheaval
#2Google, Meta, Microsoft and Amazon—combined have had capital expenditures of $360 billion over the past year, much of it in AI development and data centers.
By some estimates, up to 75% of the gains in the S&P 500 over the past few years are due to AI spending.
This won't end well.