look news india
At present, such a shocking and revolutionary report is coming out from the world of modern technology which is enough to shock the economies of the entire world. The ghost of Artificial Intelligence i.e. AI has now started dominating not only the human mind but also the global economy and technology sector to such an extent that even big economists have been surprised to see its figures. According to the latest estimates that have come out recently quoting global market research and financial institutions, in the coming few years i.e. by the year 2032, only in a superpower country like America, the total expenditure or investment on AI will directly reach equal to the total amount spent by the people there on food items (grocery and food products). In this new era of technological revolution, huge earnings and expenditure of more than 3.5 trillion dollars (about 3.5 lakh crore dollars) are being estimated annually on AI infrastructure, data centres, chips and software development, which proves that the future is going to be entirely of artificial intelligence.
Since the arrival of ChatGPT, Google Gemini and other modern generative AI tools in the market in the last few years, there has been a race among big technology companies around the world to be at the forefront in the AI race. Big tech companies like Microsoft, Google, Alphabet, Meta, Amazon and Nvidia are investing millions and billions of dollars just so that they can create the world’s most powerful supercomputers and AI models. To run, train and maintain these large models, a network of giant data centers is being built around the world, which require huge amounts of electricity and advanced semiconductor chips to run. This is the reason why this giant infrastructure of AI sector is now reaching the top of the list of most expensive industries in the world, whose financial figures are leaving behind any traditional industry.
This in itself is a very interesting and scary comparative data that in a country where citizens spend a large part of their hard-earned money on basic needs like food items, now the same huge amount is being spent only on digital codes, algorithms and machine learning. This expenditure of AI, equal to the grocery market in America by the year 2032, is enough to show that technology has now become such an essential and expensive part of our lives, without which the wheel of global trade cannot move forward even for a moment. The increasing infiltration of AI from the corporate world to the healthcare, finance, education and defense sectors has made this technological revolution an economic monster whose hunger is becoming more intense every year.
While on one hand, due to this boom in the technology stock market, investors are losing money and from Silicon Valley to tech hubs around the world are becoming rich, on the other hand, many financial experts and economists of the world are also seeing it as a possible ‘AI Bubble’. They believe that if the general public or industries do not see a proportionate increase in business profit (ROI) or productivity compared to this huge investment of trillions of dollars, then this bubble may burst someday, resulting in a global recession. However, if we look at the current trends and future speculations, at present there seems to be no one to stop this fast-moving chariot of AI. This journey till 2032 will decide whether artificial intelligence really changes the fate of human civilization or it remains just a costly race for capitalists.