💨 Abstract
J.P.Morgan predicts that data center spending could contribute 10-20 basis points to U.S. economic growth in 2025-2026, driven by the AI boom. The surge in data center investments, following the launch of ChatGPT, is due to companies shifting operations to the cloud and integrating AI into their services. Mega-cap cloud companies like Microsoft and Alphabet have been investing heavily in AI.
Courtesy: theprint.in
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