The United States is in a global race for supremacy in artificial intelligence. This technological and economic contest will be won by the country with the most computing resources, in market shorthand, “compute.” At the moment, the U.S. is slightly ahead of China in this regard.
U.S. companies are also competing intensely in a quest to lead in AI and its applications. Prodigious amounts of money are being invested in AI. Capital investment in graphics processing units, the accelerated computing chips central to AI, is attracting staggering levels of investment. This year, OpenAI, Amazon, Alphabet, Meta, and Microsoft are expected to invest more than $325 billion in AI data centers. Over the next 3 years, the largest U.S. technology companies could invest as much as $3 trillion in the AI space.
