AI Becoming 'Black Hole' in Spending That Could Consume US Economy, Analyst Warns

NAMPA / Sputnik
2025-12-15
WASHINGTON, December 15 (RIA Novosti) - The artificial intelligence is morphing into an uncontrolled force distorting the entire US economy through massive spending that often contributes little to companies' bottomline or society, prominent markets strategist Phil Davis told RIA Novosti. "Just as a black hole absorbs matter and light, this 'AI black hole' is absorbing hundreds of billions of dollars in capital expenditures that are effectively b......
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