With investments in artificial intelligence (AI) infrastructure of five leading global big tech comp..

Source Domain: www.mk.co.kr

Five leading U.S. big tech companies, including Amazon, Google, Microsoft, Meta, and Oracle, plan to invest $700 billion this year into building AI infrastructure, nearly double last year’s investments.
The focus on AI infrastructure has raised concerns about economic burdens due to the drain on resources, labor, and capital, causing shortages in other industries.
The increase in AI-related demand has led to intensified competition for memory semiconductors, possibly affecting consumer electronics prices and quality.
Skilled labor is being concentrated in AI data center construction, hindering essential construction projects in housing and healthcare.
Venture investment in AI has surged, leaving less funding for other startups, as evidenced by analyses showing a declining investment in the broader industry.
Despite concerns of overinvestment, major big tech CEOs defend the level of AI investments, citing sky-high demand and sustainability.

You may have missed