00:00It's Benzinga bringing Wall Street to Main Street.
00:02Microsoft, Alphabet, Meta, and Amazon expect to spend about $370 billion on AI data centers in
00:072025, with spending projected to rise in 2026, according to Wired. Microsoft led last quarter
00:13with $35 billion in capital expenditures equal to 45% of revenue. Harvard economist Jason Furman
00:19estimates nearly all U.S. GDP growth in the first half of 2025 came from data center and software
00:24investments. J.P. Morgan reports AI stocks cut for 75% of S&P 500 returns since ChetGBT's 2022 debut.
00:33Energy demand from data centers has driven utilities to seek nearly $30 billion in rate
00:37Ikes in early 2025, and prices rise in nearby communities. For all things money, visit Benzinga.com.
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