Look at the numbers involved in AI cloud investment and data center buildout, and the stats are astonishing. The Magnificent 7 tech companies – the biggest tech giants in the world – have collectively invested more than $100 billion in data centers and other infrastructure in the last three months alone. The majority of that comes from four of the seven: Microsoft , Meta, Amazon , and Alphabet.
That spending is having an outsized effect on the economy. Jens Nordvig, the founder of









