Executive Summary
Facts Only
* Only 28 percent of Americans believe AI technology should move full speed ahead.
* Seven percent of Americans trust Donald Trump’s leadership in regulating AI.
* Employment in the category including data centers has declined since November 2022.
* The investment boom in AI is projected to be the largest capital-expenditure boom in U.S. history, dwarfing the railroad boom following the Civil War.
* IT investment as a percentage of GDP increased in late 2024 and is above levels from the 1990s tech boom.
* Nonresidential construction rose during the Biden years due to clean energy promotion but has flatlined under Trump despite AI investment.
* Building a multi-billion-dollar AI training campus involves approximately one-third of investment spending on facility/power infrastructure and two-thirds on compute hardware and IT systems.
Full Take
From the original · Paul Krugman Blog
One unifying dynamic in America today: Americans really, really hate AI. What began as a form of NIMBYism — no one wants a data center in their neighborhood — has broadened into severe doubts about the technology as a whole.Read the full story at paulkrugman.substack.com
Sentinel — Human
The text appears to be human-written, characterized by a blend of factual reporting, structured argument building, and highly charged personal opinion, particularly in the concluding section.
