Speaking on the Newcomer podcast, Hoffman said that billions of dollars flowing into AI infrastructure are generating economic activity far beyond technology companies, according to a report by Benzinga. The current AI buildout is ‘the only reason we’re not in recession’, highlighting the role of a large-scale capital investments in supporting jobs and growth, according to him. LinkedIn cofounder Reid Hoffman has defended the massive wave of AI infrastructure investment in the United States, arguing that spending on data centers and related projects is providing a significant boost to the broader economy and helping the country to avoid recession. He pushed back on the common perception that this investment narrowly benefits only tech companies, arguing that most of that capital doesn’t actually concentrate in the specific areas where data centers are physically built, but instead ends up more broadly distributed across the country — a dynamic he described as a clear positive.
Separately, Broadcom was reportedly assembling a $60 billion financing package to help Anthropic and other companies fund their AI chip and infrastructure needs, a deal that could further expand AI capacity nationwide while simultaneously boosting demand for Broadcom’s own data-center hardware.