AI’s race to transform the world before the money runs out
Assumptions about future profits are driving the AI rush, but economists say there is little evidence to suggest the technology is sure to deliver.
Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital.
Cumulative spending globally on data centers alone could top $3... [541 chars]
Published by: The Japan Times
Read full article here: https://www.japantimes.co.jp/business/2026/10/03/tech/ai-transform-world-money/
