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The AI boom is so huge it’s causing shortages everywhere else

 What to know

The tech industry’s massive AI spending is straining resources, affecting sectors like construction and consumer electronics. Amazon, Google, Microsoft, Meta and Oracle are set to spend $700 billion on big projects this year, impacting chip pricing and construction labor. Critics worry about the economic imbalance and potential risks if AI doesn’t deliver expected returns.

Summary is AI-generated, newsroom-reviewed.

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How do you think the AI boom and its impact on resource allocation might affect the future of other industries, such as construction or consumer electronics?

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