The artificial intelligence buildout is on track to require a larger share of US output than the rollout of electricity, railroads, interstate highways or the internet, with an increasingly complicated financial structure that poses potentially systemic risks. What had been paid for out of the cash stockpiled by companies like Amazon.com, Meta Platforms and Alphabet’s Google has morphed into an expansion that will consume around 3.6% of gross domestic product annually through 2032, or more than $10 trillion, and is using ever more intricate financing arrangements, Stijn Van Nieuwerburgh, a finance and real estate professor at Columbia Business School, wrote in a paper prepared for a Brookings Institution conference. Why dangerous is AI to USA economy and users ?
