CoinWorld News, according to CNBC, U.S. President Trump stated that the scale of AI development will surpass the internet boom of the 1990s. Goldman Sachs estimates that AI capital expenditure needs to reach $700 billion by 2026, with spending reaching $765 billion this year and annual spending growing to $1.6 trillion by 2031. Trump predicts that by the time he leaves office, 40% to 60% of chip manufacturing will be based in the United States.

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ProofOfVibes
· 7h ago
1.6 trillion? That number sounds like it was just pulled out of thin air, but chip reshoring is indeed happening.
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BreadthHunter
· 8h ago
765 billion to 1.6 trillion, doubling in five years—this growth rate is even more intense than during the internet bubble. I'm just worried it will end up as another case of overcapacity and a mess.
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