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The AI Investment Boom
AI Demand is Driving Skyrocketing US Investment in Computers, Data Centers, and Other Physical Infrastructure
Today, AI products are used ubiquitously to generate code, text, and images, analyze data, automate tasks, enhance online platforms, and much, much, much more—with usage expected only to increase going forward. Amidst the AI boom, revenue in the information technology space has rebounded from the slowdown of 2022 and 2023—software publishers, web search portals, and computing infrastructure providers have all seen their incomes rise by 12-15% over the last year. The significant increase in demand for high-end semiconductors has boosted US reliance on Taiwanese imports, which the CHIPS Act was supposed to help ameliorate, and there are any number of components where the US remains dependent on China to meet data-center-scale supply.
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