Politics
Trump, Big AI go all-in together
Axios·October 1, 2026·1 min read
President Trump and the AI industry have co-signed a massive economic bet, with AI infrastructure spending projected to reach $10.3 trillion by 2032. Hyperscalers have spent nearly $1 trillion more on AI since 2024 than it has generated in revenue. Success could bring abundance, but failure risks a historic misallocation of capital and widespread harm.
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