S. economy, arguing that the spending is "the only reason we’re not in a recession.
" "That’s great," Hoffman said. He also highlighted the broader economic impact of data center construction, saying it provides work for construction workers, carpenters, real estate agents, electricians and lawyers.
" Hoffman also said data center developers should work fairly with local communities to ensure both sides benefit. Read Also: Bain Warned of AI 'Arms Race,' Now It's Circling Data Center Operator AI Infrastructure Expansion Earlier this month, Meta Platforms Inc.
9 billion in 2025. However, its accountants reportedly warned that the IRS could challenge the classification.
Broadcom Inc. (NASDAQ:AVGO) was reportedly assembling a $60 billion financing package to help Anthropic and other companies fund AI chip and infrastructure needs.
The financing could have expanded AI capacity and boosted demand for Broadcom’s data-center products. AI Risks and Financing Last month, AI skeptic Ed Zitron warned that private credit funding the AI data-center boom had become a "brewing crisis" amid rising borrowing costs and construction delays.
Microsoft Corp. (NASDAQ:MSFT) co-founder Bill Gates said the world might need to experience serious AI-related problems before governments and the public fully addressed the technology’s risks, pointing to a major cyberattack or catastrophe as a potential trigger for stronger action.
