When it is spent on artificial intelligence. The world’s largest tech companies, all of them based in the world’s biggest economy, say they will spend that much this year alone to build the data centers that will house their AI technologies. At present, however, the staggering sums are simply not having a positive impact on the job market.
Tech’s Data-Center Capex Isn’t Creating Jobs. That Matters for Stocks.
September 9, 2025
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