#economic-risk

#economic-risk

When Sriram Krishnan, a senior White House policy advisor on artificial intelligence, appeared onstage at an event in Washington last month, he listed the Trump administration's priorities for advancing the AI revolution. At the top of the list? More construction. "Let's make sure we build our infrastructure," Krishnan said. "'Build, baby, build' is what we tell people." That rallying cry is echoing across Silicon Valley.

Though Meta, Amazon, Microsoft, Google, and Tesla are expected to have spent some $560 billion on AI development by the beginning of next year, their collective revenue from AI comes in at a paltry $35 billion. In the first half of 2025, the Atlantic notes, business spending on AI added more to GDP growth in the United States than all consumer spending combined.

President Donald Trump has issued an executive order allowing regular investors to gamble money in the private markets, potentially leading to a financial crisis that harms the general public.