The great AI buildout shows no sign of slowing
Update: 2025-10-31
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**Summary:**The AI infrastructure boom is showing no signs of slowing, with Nvidia reaching a market value of $5 trillion and Microsoft and OpenAI teaming up to boost ChatGPT's fundraising. Despite Amazon cutting jobs, its cloud division is thriving. Global players like Honeywell, GE Vernova, and Caterpillar are investing in data centers, with Caterpillar seeing a 31% sales increase. AI infrastructure spending could hit $4 trillion by 2030, with tech giants expected to spend $350 billion this year alone. This surge is impacting global trade, with U.S. data center spending going to imported tech. While some investors are worried about short chip lifespans and widening profit gaps, economists believe the AI wave is just beginning, with major innovation and disruption ahead.
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