AI Investment Concentrates Wealth, Suppresses Wages

Analysts say more than $1 trillion invested in AI over recent years is producing concentrated returns for a few large firms rather than broad wage gains. Major commitments — Microsoft’s $80+ billion pledge and NVIDIA’s market cap above $3 trillion — contrast with OpenAI and Anthropic employing under 2,000 people each, indicating capital-heavy AI spending creates shareholder value with limited job growth.