The accelerated advance of artificial intelligence (AI) may be causing negative effects on the global economy before even the most discussed risks of the technology materialize. That is the assessment of American economist Paul Krugman, winner of the Nobel Prize in Economics in 2008, who warns of the possibility that billion-dollar investments in AI infrastructure could reduce resources available for other segments of the economy.
In an analysis published on his Substack, Krugman argues that the expansion of data processing centers, known as data centers, is attracting financial and material resources that could be allocated to the construction of housing, offices…
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