From Livemint
Owned by HT Media Ltd.AI capex projected at 3.6% of US GDP: Why the AI boom is bigger than the dotcom bubble, explains SBI MF
What's behind this
AI capital expenditure in the United States is projected to reach 3.6% of GDP, a level described by SBI Mutual Fund as surpassing the scale of the dot‑com bubble. According to Livemint, AI investment is spurring growth while also raising borrowing and long‑term bond yields, and investors are questioning whether future revenues will justify the unprecedented spending. Deccan Chronicle adds that financial institutions are adopting AI, with researcher Sathish Ramareddy stressing the need for data reliability, explainability and accountability in intelligent financial systems. Earlier coverage noted AI‑driven initiatives such as Kutlerri.ai’s effort to help U.S. restaurants increase revenue and cut costs.
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RSS excerpt
AI investment is driving growth but also increasing borrowing and long-term bond yields. With spending expected to reach unprecedented levels, investors question whether future revenues will justify the costs. Details here.
