World News for Students of English

17-10-2025 07:00

Global spending on AI is increasing rapidly, reaching 330 billion dollars in 2025 and possibly 2 trillion dollars by 2030. Tech giants are investing huge amounts in chips, data centers, and electricity grids, creating what experts call an AI supercycle.

Some analysts worry that this massive investment might hide weaknesses in the economy. Without AI-related spending, the US could already be in a recession. Others see AI as the next industrial revolution, bringing productivity and innovation. However, there are financial risks: many companies borrow money to fund expansion, which could cause problems if profits fall. Another concern is inequality. The AI boom benefits investors and homeowners, while many workers struggle with slow wage growth and fewer job opportunities. Around 60% of jobs could change or disappear because of automation.

Still, many believe AI will create new industries and support future economic growth.

Difficult words: recession (a time when a country’s economy is not doing well, people earn less, and many lose jobs), inequality (an unfair difference between groups of people), automation (using machines to do work instead of people).

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