"Every year since 2010, I've posted an article about what trend I expect to dominate the next twelve months. Throughout the 2010s, these forecasts usually focused on emerging technologies or new currents in management thinking. But around 2020, that began to shift. The annual trends increasingly centered on how we cope with change rather than the change itself. Last year my trend was "The Coming Realignment.""
"Today, the AI investment boom is without a doubt the single biggest factor propping up the US economy. Just this year, tech giants are expected to invest roughly $364 billion in the technology. And the spending won't stop there. McKinsey projects that building AI data centers could add up to $5.2 trillion in investment by 2030. This boom is different from what we've seen in the past because the main investors aren't speculators or startups."
Annual trend forecasts shifted after 2020 from predicting new technologies to focusing on how societies cope with rapid change. A broad realignment followed 2020, comparable to earlier historical inflection points, and will produce profound differences in what comes next. The current AI investment boom is a primary economic driver, with roughly $364 billion expected this year and McKinsey estimating up to $5.2 trillion for AI data centers by 2030. Major profitable tech firms supply most investment, which may cushion downturns, but data-center spending now rivals past peaks and raises risks for institutions, jobs, and economic systems.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]