Categories: Business

AI boom set to push Big Tech investment beyond $1 trillion in 2027, says UBS

By 2027, big tech companies are projected to invest more than $1 trillion in AI infrastructure, fueled by soaring demand. This surge in investment is anticipated to enhance the US economy, potentially adding about 0.75 percentage points to GDP growth. Still, firms are grappling with mounting cash flow pressures and declining bond demand.

The News Vista

Leave a Comment
Share
Published by
The News Vista
2 hours ago

Recent Posts

‘Damning photos’: Opposition leaders question Hardeep Puri’s alleged meeting with Jeffrey Epstein

42 minutes ago

‘Was it necessary?’: Anupam Kher slams Uttarakhand BJP minister over Daler Mehndi row

Anupam Kher expressed his disappointment with BJP's Uttarkhand minister Subodh Uniyal's treatment of singer Daler…

1 hour ago

Taxman caps PSU bank retiree’s leave exemption at Rs 3 lakh; but ITAT grants relief of Rs 9.29 lakh

Under income tax law, SBI staff are treated as non-government employees and, therefore, can claim…

1 hour ago

Rupee gains 29 paise against dollar in early trade, but crude prices limit gains

On Wednesday, the Rupee saw an impressive rise of nearly 0.5% against the US Dollar,…

2 hours ago

More trouble for CJP leaders: Another FIR against Saurav Das, Ashutosh Ranka transferred to Crime Branch

Delhi Police has transferred two FIRs against Cockroach Janta Party leaders to the Crime Branch…

2 hours ago

Jio IPO: QIB portion fully subscribed within minutes; stock to list on October 28

Jio Platforms IPO is open for subscription from October 21 to October 23. The company,…

2 hours ago