‘The Origins of Efficiency’: Rise of the machines

(Image: WSJ)

Sun, 26 Oct 2025

By Mark P MillsThis year, America’s total spending to build datacentres – the hardware behind artificial intelligence – will exceed the country’s construction spending on all commercial offices. Thus, it was no surprise that an AI summit at Carnegie Mellon in July brought together President Trump, a phalanx of Cabinet officials and leaders from Big Tech, Big Money, Big Energy and Big Construction. The big question now is whether the furious AI buildout is a bubble or a long-run shift in the economy.Production c...

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