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Artificial Intelligence

AI Spending Is Holding Up U.S. Growth. Big Tech’s $805 Billion Bet Shows Why

AI Spending Is Holding Up U.S. Growth. Big Tech’s $805 Billion Bet Shows Why

WASHINGTON, May 5, 2026, 08:18 (EDT) A surge in artificial-intelligence infrastructure spending is becoming one of the main props under the U.S. economy, with former White House AI and crypto adviser David Sacks arguing that slowing the build-out would now hit growth itself. Sacks wrote on X that AI accounted for 75% of U.S. GDP growth in the first quarter
Why Peter Thiel’s $140M Panthalassa Bet Could Move AI Data Centers Into the Ocean

Why Peter Thiel’s $140M Panthalassa Bet Could Move AI Data Centers Into the Ocean

PORTLAND, Ore., May 5, 2026, 05:21 PDT Peter Thiel led a $140 million Series B for Panthalassa, a Portland, Oregon-based ocean-energy company, to build wave-powered computing nodes that run artificial intelligence work at sea, the company said. The money will help finish a pilot manufacturing facility near Portland and speed
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