Global AI data center spending could reach $30 trillion by 2050, PwC projects

Global spending on AI data centers could reach $30 trillion by 2050, according to PwC, surpassing past tech booms. However, economists warn that productivity gains remain unproven, and US companies need to generate over $4 trillion in new revenue to justify investments. AI leaders remain optimistic, but early data shows job losses in AI-exposed fields.