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AI & Enterprise

AI was meant to curb prices, but rising costs before productivity gains pose policy challenge for Fed

Silicon Valley figures have predicted AI would lift productivity and cut costs, bringing deflation. An analysis says reality is different. While company adoption is slower than expected, trillion-dollar investment in data centres and AI infrastructure is creating supply chain bottlenecks and pushing up power and equipment prices. Economists and executives say measurable productivity gains may take time. Fed officials are split, as rising electricity and related costs add inflation pressure.

AI & Enterprise

Bank of America to commit $250 billion to U.S. AI infrastructure, focusing on data centers and power

Bank of America will commit $250 billion over the next 18 months to building infrastructure in the United States, with a focus on AI infrastructure including data centers, semiconductors and power generation. The initiative runs from Jan. 1, 2026 to July 4, 2027 and is not a single new fund. The bank will allocate money across digital infrastructure, energy and power, and core infrastructure, and expects tens of thousands of jobs.

Crypto

Strategy to fund \'Trump accounts\' for U.S. employees\' children with $250 a year

Strategy will deposit $250 a year into \'Trump accounts\' for all U.S. employees\' children under 18. The company said it will join the corporate savings programme under the U.S. childcare support policy Invest America. For children born after Jan. 1, 2025, Strategy will also make a one-time additional deposit matching a $1,000 contribution paid by the U.S. Treasury. Other large financial firms are also joining.