In October 1889, a tragic incident in lower Manhattan involved Western Union lineman John Feeks, who died after falling from a 50-foot-high pole and coming into contact with live electrical wires. This event sparked public outrage and led to demands for the removal of unsafe overhead wires, emphasizing the urgent call for underground installations already proposed in New York legislation.
Fast forward to 2023, major companies like Anthropic and OpenAI showcase a significant shift in the tech landscape, with Anthropic revealing $518 billion in compute commitments and OpenAI reaching a $70 billion annualized revenue run rate. Employment opportunities in the blue-collar sector related to AI infrastructure have surged, with electricians earning over $100,000 and a 164% increase in job postings for welders and pipefitters.
Furthermore, notable companies such as EMCOR Group and Quanta Services are reporting record backlogs, indicating strong demand for construction and maintenance of the necessary infrastructure for AI and data centers. Amidst public backlash against AI, investment continues to flow towards companies that support and build the infrastructure required, highlighting the enduring significance of the builders within the technology sector.
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