US President Donald Trump’s ‘AI ambitions’ may have a big problem and it is called …
The US President Donald Trump is betting big on artificial intelligence (AI) and the data centers driving its development. Just hours after his Inauguration in January, one of his first major announcements was an investment of as much as $500 billion in AI infrastructure by SoftBank Group, OpenAI and Oracle Corp. The AI data center industry too is thriving in America, fueled by a fierce competition among tech giants like Microsoft Corp, Amazon.com Inc, and others vying for AI supremacy — both against each other and global rivals like China.
According to a report in Bloomberg, the surge has become a significant engine of US economic growth, contributing as much as 0.3% to GDP last year, roughly $100 billion, as per JPMorgan Chase & Co. analysts.