The AI investment boom is diverting capital from the broader U.S. economy

We are witnessing one of the largest peacetime mobilizations of capital in modern American history.

Topping $1 trillion annually by next year, the artificial intelligence buildout is expected to rival or surpass previous technological booms at their peaks — rail, electrification and the internet revolution.

Many economists believe that at a time of rising inflation, a weakening job market and global unrest, this boom is keeping the U.S. economy afloat.

"A recession tied to the balloon of A.I.," is how PJ