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The current mania for artificial intelligence is contributing to such eye-popping levels of tech investment that capex has become the key driver for America’s recent growth.
PHOTO: AFP
Gillian Tett
What on earth – or in cyberspace – is happening to business investment in America? A decade ago, when capital investment seemed deplorably weak, economists were asking that question with a tone of alarm.
No longer. The current mania for artificial intelligence is contributing to such eye-popping levels of tech investment that capital expenditure, or capex, has become the key driver for America’s recent growth.
