"The amount of money being spent on artificial intelligence is astronomical. Investors have lavished the top tech companies and startups alike with hundreds of billions of dollars - so much so, in fact, that an estimated 92 percent of US GDP growth now comes from AI. If trends continue in 2026, conservative estimates peg the spending from just the "largest technology firms" at $550 billion."
"Many economists, journalists, and venture capitalists have argued that the gold at the end of the rainbow is less a pot of riches than the complete automation of all jobs. Basically, the idea goes that whoever's left holding the bag when the new AI era comes to pass will be god emperor, for better or worse."
""It's time to use it or get left behind," the CEO told attendees at his panel. According to industry publication Publishers Weekly, Reigert described AI as both "transformative" and "unsettling," adding that he's "not very happy that AI is here.""
Massive investor funding into AI has reached hundreds of billions of dollars, with an estimated 92 percent of US GDP growth attributed to AI and projections of $550 billion in spending by the largest tech firms by 2026. Many experts foresee AI enabling near-complete automation of jobs, concentrating power and wealth with those who control the technology. Two stark macro outcomes are plausible: widespread joblessness or a scaling plateau that triggers economic collapse. Industry leaders describe AI as transformative yet unsettling and warn that adoption pressures demand rapid adaptation to remain competitive.
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