Khaberni - An analysis conducted by Bloomberg has shown that despite the impressive figures achieved by artificial intelligence investments worldwide, analysts see this boom as concealing a worrying slowdown in real and productive investment.
The report indicates that the artificial intelligence sector consumes most of the financing, energy, and labor resources in major economies, leading to a noticeable decline in traditional manufacturing and construction sectors.
John Engel, CEO of WESCO International, says that artificial intelligence is consuming all the oxygen in the economic room, adding that companies not positioned in this technological race lose growth opportunities and remain on the sidelines.
Huge investment flows and economic fragility
Bloomberg Economics estimates that global spending on artificial intelligence infrastructure will reach about 4 trillion dollars by 2030, yet this financial generosity hides weaknesses in traditional industrial and production investment.
The report states that the American industrial sector has not shown any signs of recovery from the prolonged recession, while consumer confidence has fallen to levels similar to those during the major financial crisis. Employment data indicates that wage and job growth is confined to areas directly linked to artificial intelligence and digital infrastructure.
Rebecca Patterson, former chief strategist at Bridgewater Associates, points out that without artificial intelligence, the American economy would now be in a mild recession or near-zero growth, confirming that the current technological boom masks overall weakness in investment in productive sectors.
Major companies lead illusive industrial growth
According to Bloomberg Economics, the contribution of artificial intelligence to the US GDP could rise to 1.5 percentage points next year, as companies such as Google, Amazon, Meta, and Microsoft are investing between 400 and 600 billion dollars annually in data centers and advanced computational technologies.
However, this expansion does not necessarily mean balanced economic prosperity, as the boom is concentrated in a limited number of giant companies that monopolize most of the funding and talent. According to analysts, this technological monopoly enhances economic growth fragility and increases the concentration of wealth in the hands of a limited group of companies and investors.
The report concludes that artificial intelligence has become like the oxygen that keeps the economy alive in the short term, but it stifles investment diversity in the long term, which could make advanced economies more susceptible to sudden fluctuations at the first slowdown in the current wave of artificial intelligence.
