US tech sector jobs decreased by 12,000 last month, with a total decline of 57,000 over the past year. This downturn is approaching the severity of the worst period during the 2024 tech-cession and is significantly worse than the declines seen during the 2008 and 2020 recessions.

Goldman Sachs reports that AI contributed "basically zero" to U.S. economic growth last year. Tech companies, including Meta, Amazon, Google, and OpenAI, are projected to invest approximately $700 billion this year in new data centers for AI model training and operation.