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Joseph Politano reports that the latest quarterly financial data from the Census Bureau shows companies in the information technology sector have achieved a new investment record, fueled by the artificial intelligence boom.
Net holdings of property, plant, and equipment in this sector have increased by more than $350 billion over the past year alone.
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Earlier, Politano criticized the Wall Street Journal for publishing what appeared to be an AI-generated op-ed, raising concerns over the use of artificial intelligence in media. He separately reported that U.S. office construction activity has fallen to its lowest level since 2011. Both developments highlight recent shifts documented across technology and commercial real estate.