Spending on AI technology is soaring alongside rapid consumer adoption, yet concerns are emerging. High-profile players like Elon Musk’s SpaceX, which not only builds rockets but also develops AI models, recently announced plans to seek a $1.77tn valuation on the US stock market. At the same time, Anthropic, creator of the Claude chatbot, has filed for an IPO, with OpenAI likely to follow suit. This wave of enthusiasm coincides with massive investment in infrastructure like data centers, as businesses look to make AI investments pay off. Here are six essential charts that illustrate where the AI boom stands and how it has evolved.
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