AIFinancial Times1h ago
Oxford Economics: US corporate spending on equipment and facilities is
Oxford Economics: US corporate spending on equipment and facilities is set to rise 40% between 2021 and 2027, over 3x faster than Europe, driven by the AI race
TL;DRUS companies plan to spend 40% more on equipment by 2027, far outpacing Europe's investments.
Why it matters: Europe risks falling behind in AI infrastructure, potentially ceding tech leadership and economic competitiveness to the US.
The bloc struggles to keep up with US spending on high-tech equipment and facilities
Read full articleSource: Financial Times · Opens in new tab