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Data centers are eating the economy — and we’re not even using them

Summary by Fortune
As tech giants announce hundreds of billions in new data center investments, we’re witnessing a fundamental misunderstanding of our compute shortage problem. The industry’s current approach, throwing money at massive infrastructure projects, resembles adding two more lanes to a congested highway. It might offer temporary relief, but it doesn’t solve the underlying problem. The numbers are staggering. Data center capital expenditures surged 53% y…

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Fortune broke the news in New York, United States on Monday, August 11, 2025.
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