BofA estimates AI infrastructure spending could reach $1T over next 12 months, 3% of US GDP, comparing to 1870s railway peak of 2.2%

Bank of America estimates AI infrastructure spending could reach $1 trillion over the next 12 months, equal to 3% of US GDP. The bank compares this to railway investment, which peaked at 2.2% of GDP in the 1870s, suggesting the AI boom resembles past investment bubbles.

Detected & updated continuously · Source: Nebula