LinkedIn Cofounder Defends Massive AI Infrastructure Spending, Says AI Capital Is 'the Only Reason We’re Not in a Recession'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. LinkedIn co-founder Reid Hoffman said the massive capital flowing into AI infrastructure and data center construction is helping sustain the U.S. economy, arguing that the spending is "the only reason we're not in a recession. Hoffman Defends AI Data Center Boom On Friday, Hoffman made the remarks during an appearance on the 'Newcomer' podcast released Friday, saying the huge amount of capital behind the AI infrastructure buildout was "the only reason we're not in a recession." Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market?