{"id":184837,"date":"2025-12-15T13:15:07","date_gmt":"2025-12-15T13:15:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/184837\/"},"modified":"2025-12-15T13:15:07","modified_gmt":"2025-12-15T13:15:07","slug":"bubble-or-not-ai-spending-is-keeping-the-us-economy-humming","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/184837\/","title":{"rendered":"Bubble or not, AI spending is keeping the US economy humming"},"content":{"rendered":"

US companies are becoming increasingly hooked on artificial intelligence<\/a> spending, and questions are growing whether this investment boom is hiding a weaker economic picture.<\/p>\n

Despite a contraction in the first quarter, following President Donald Trump’s sweeping tariff<\/a> announcement, the US economy has defied slowdown expectations this year, with estimations of 2025 GDP growth ranging between 1.7 per cent and 3 per cent.<\/p>\n

While moderate increases in tariffs have partially contributed to these revisions, there is another engine behind US growth this year: AI.<\/p>\n

Analysis from global investment firm KKR found that AI-related capex for the four largest hyper-scalers was more than $350 billion this year. UBS said it forecasts global AI capex spending to hit $423 billion in 2025 (up from its previous $375 billion estimate), before eclipsing $500 billion next year.<\/p>\n

Tim Bajarin, a technology analyst who has served as a consultant for Apple, IBM, Xerox and Microsoft, said that there\u2019s \u201ccause for concern\u201d as to whether the economic growth is substantive, but dismissed comparisons to the 1990s-era dotcom bubble.<\/p>\n

\u201cThe fundamentals are strong compared to other hype cycles,\u201d Mr Bajarin said, noting how AI tools such as Gemini and ChatGPT<\/a> have hundreds of millions of users.<\/p>\n

\u201cThe AI technology is richer, deeper and more focused.” He added that the billions of dollars being poured into data centres have \u201clasting value\u201d.<\/p>\n

AI in the data<\/p>\n

New projections released by the US Federal Reserve showed America’s economy will expand at a 2.3 per cent pace next year, an increase of half a percentage point from its September forecast. <\/p>\n

Part of this has been resilient consumer spending, Fed chairman Jerome Powell told reporters last week. <\/p>\n

\u201cAnd, to another degree it is \u2026 that AI spending on data centres and related to AI that has been holding up business investment,\u201d he said.<\/p>\n

The AI boom has led to strong growth in business equipment investment this year. Investment in equipment and software related to AI is forecast to grow by 9.9 per cent this year, according to the Equipment Leasing and Finance Foundation.<\/p>\n

And while tariffs have weighed down exports and imports, Matthew Martin, senior US economist at Oxford Economics, estimated that imports for computers and semiconductors are up between 40 per cent and 50 per cent year-on-year.<\/p>\n

\u201cSo the fact that imports are still growing there, despite increased tariffs, obviously shows that there’s quite a bit of strength there,\u201d he said.<\/p>\n

With demand for data centres<\/a> increasing, concerns are mounting over the rising energy costs for these large-scale infrastructure projects that require huge amounts of energy to function.<\/p>\n

The International Energy Agency projects global electricity demand from data centres to more than double over the next five years, with the effects to be most felt in the US and Japan. Those rising energy costs, in turn, ultimately would be passed on to consumers in the form of higher electricity bills, potentially blunting economic growth and constraining spending.<\/p>\n

\u201cI think energy is a major constraint to the building of these,\u201d said Sean McDevitt, a partner at global consulting firm Arthur D Little.<\/p>\n

\u201cWe’re not talking about megawatt data centres any more. These are gigawatt data centres. We’re not talking about buildings \u2026 These things look like industrial zones now.\u201d<\/p>\n

Natalie Hwang, founding managing partner at Apeira Capital, said she believes energy costs define the AI story rather than weaken it.<\/p>\n

\u201cAnd the next phase of AI will be led by the companies and the regions that can deliver intelligence with the lowest energy footprint,\u201d pointing in particular to the Middle East’s energy abundance.<\/p>\n

Record valuations<\/p>\n

Concerns around rising energy costs have led to recent market turbulence, as has the future profit of companies relying on AI, testing market resilience that has ridden the investment boom this year.<\/p>\n

AI spending has helped US markets overcome April’s tariff blip to continue a remarkable bull run, with all three Wall Street indices closing at record highs on several occasions this year. <\/p>\n

The top five companies in the S&P 500 \u2013 Nvidia<\/a>, Apple<\/a>, Microsoft, Amazon and Alphabet \u2013 make up roughly 30 per cent of the tech-heavy index.<\/p>\n

The Fed, International Monetary Fund and other financial institutions have characterised these AI valuations as \u201cstretched\u201d, leading to new debate over the potential of a bubble<\/a> and a possible market correction if productivity gains are not fully realised.<\/p>\n

But economists and analysts also argue that, unlike the dot-com bubble three decades ago, the companies at the nexus of the AI investment frenzy are posting profits and have business models.<\/p>\n

\u201cIf we see a correction next year, I believe it will clarify the investment opportunity in AI infrastructure, rather than weaken it. Because a market reset typically shifts capital from speculation to fundamentals,\u201d Ms Hwang said.<\/p>\n

Boom to continue<\/p>\n

Hyper-scalers show no signs of slowing down their AI spending. <\/p>\n

Alphabet, Amazon, Meta, Microsoft and Oracle have all raised their AI capex guidance, according to their most recent earnings reports. Private companies like Anthropic and OpenAI are also making large investment commitments.<\/p>\n

And the increase in demand is expected to have compounding effects on the US economy with spending on construction, technology and energy required to bring those types of facilities online.<\/p>\n

\u201cAI is an industrial infrastructure story,\u201d Mr McDevitt said.<\/p>\n

The AI spending comes as the US exhibits some stagflationary behaviour, with the world’s largest economy faced with higher inflation and lower job gains.<\/p>\n

A US AI pulse survey released by accounting firm EY earlier this month found companies investing in AI are seeing AI-driven productivity gains. And, while some companies are making AI-related layoffs, the survey found most productivity gains are being reinvested to upskill talent and boost resilience.<\/p>\n

Mr Martin said productivity gains could potentially weigh on hiring, as companies can now do more with fewer employees, but stronger economic growth could lead to higher job creation elsewhere. At the same time, it could be positive for the inflation outlook because companies can increase employees’ wages without having to raise prices by a large amount.<\/p>\n

\u201cI think there’s a lot of uncertainty, but ultimately, the increased productivity would be a very positive for the economy overall,\u201d Mr Martin said.<\/p>\n

match info<\/p>\n

Chelsea 2
Willian\u00a0(13′), Ross Barkley (64′)<\/p>\n

Liverpool 0<\/p>\n

The%20specs%3A%202024%20Mercedes%20E200<\/p>\n

%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A<\/p>\n

Gulf Under 19s final<\/p>\n

Dubai College A 50-12 Dubai College B<\/p>\n

COMPANY%20PROFILE%3A<\/p>\n

%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Envision%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2017%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EKarthik%20Mahadevan%20and%20Karthik%20Kannan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20The%20Netherlands%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Technology%2FAssistive%20Technology%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%241.5%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%204impact%2C%20ABN%20Amro%2C%20Impact%20Ventures%20and%20group%20of%20angels%3C%2Fp%3E%0A<\/p>\n

Benefits of first-time home buyers’ scheme
\nPriority access to new homes from participating developers
\nDiscounts on sales price of off-plan units
\nFlexible payment plans from developers
\nMortgages with better interest rates, faster approval times and reduced fees
\nDLD registration fee can be paid through banks or credit cards at zero interest rates
\nTHE SIXTH SENSE<\/p>\n

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment<\/p>\n

Director: M. Night Shyamalan<\/p>\n

Rating: 5\/5<\/p>\n

The Brutalist<\/p>\n

Director: Brady Corbet<\/p>\n

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn<\/p>\n

Rating: 3.5\/5<\/p>\n

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital<\/p>\n

The President’s Cake<\/p>\n

Director: Hasan Hadi<\/p>\n

Starring:\u00a0Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem\u00a0<\/p>\n

Rating: 4\/5<\/p>\n

APPLE IPAD MINI (A17 PRO)<\/p>\n

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits<\/p>\n

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine<\/p>\n

Storage: 128\/256\/512GB<\/p>\n

Main camera: 12MP wide, f\/1.8, digital zoom up to 5x, Smart HDR 4<\/p>\n

Front camera: 12MP ultra-wide, f\/2.4, Smart HDR 4, full-HD @ 25\/30\/60fps<\/p>\n

Biometrics: Touch ID, Face ID<\/p>\n

Colours: Blue, purple, space grey, starlight<\/p>\n

In the box: iPad mini, USB-C cable, 20W USB-C power adapter<\/p>\n

Price: From Dh2,099<\/p>\n

Who’s who in Yemen conflict<\/p>\n

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government<\/p>\n

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council<\/p>\n

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south<\/p>\n

Habrish ‘rebels’: Tribal-backed forces feuding with STC over control of oil in government territory<\/p>\n

RESULTS<\/p>\n

5pm: Maiden |\u00a0Dh80,000 |\u00a0 1,600m
Winner: AF Al Moreeb, Tadhg O\u2019Shea (jockey), Ernst Oertel (trainer)<\/p>\n

5.30pm: Handicap |\u00a0 Dh80,000 |\u00a0 1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel<\/p>\n

6pm: Handicap |\u00a0 Dh80,000 |\u00a0 2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle<\/p>\n

6.30pm: Handicap |\u00a0 Dh85,000 |\u00a0 2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel<\/p>\n

7pm: Shadwell Farm for Private Owners Handicap |\u00a0 Dh70,000 |\u00a0 2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi<\/p>\n

7.30pm: Handicap (TB) |\u00a0 Dh100,000 |\u00a0 1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly<\/p>\n

Abu Dhabi GP weekend schedule<\/p>\n

Friday<\/p>\n

First practice, 1pm\u00a0
Second practice, 5pm<\/p>\n

Saturday<\/p>\n

Final practice, 2pm
Qualifying, 5pm<\/p>\n

Sunday<\/p>\n

Etihad Airways Abu Dhabi Grand Prix (55 laps), 5.10pm<\/p>\n

How Islam’s view of posthumous transplant surgery changed<\/p>\n

Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.<\/p>\n

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.<\/p>\n

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.<\/p>\n

One school of thought viewed the removal of organs after death as equally impermissible.<\/p>\n

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.<\/p>\n

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin<\/p>\n

England-South Africa Test series<\/p>\n

1st Test England win by 211 runs at Lord’s, London<\/p>\n

2nd Test South Africa win by 340 runs at Trent Bridge, Nottingham<\/p>\n

3rd Test\u00a0July 27-31 at The Oval, London<\/p>\n

4th Test\u00a0August 4-8 at Old Trafford, Manchester<\/p>\n

India squads<\/p>\n

T20: Rohit Sharma (c), Shikhar Dhawan, KL Rahul, Sanju Samson, Shreyas Iyer, Manish Pandey, Rishabh Pant, Washington Sundar, Krunal Pandya, Yuzvendra Chahal, Rahul Chahar, Deepak Chahar, Khaleel Ahmed, Shivam Dube, Shardul Thakur<\/p>\n

Test: Virat Kohli (c), Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Wriddhiman Saha (wk), Ravindra Jadeja, Ravichandran Ashwin, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill, Rishabh Pant<\/p>\n

The specs: 2019 Mini Cooper<\/p>\n

Price, base: Dh141,740 (three-door) \/ Dh165,900 (five-door)
Engine: 1.5-litre four-cylinder (Cooper) \/ 2.0-litre four-cylinder (Cooper S)
Power: 136hp @ 4,500rpm (Cooper) \/\u00a0192hp @ 5,000rpm (Cooper S)
Torque: 220Nm @ 1,480rpm (Cooper) \/ 280Nm\u00a0@ 1,350rpm (Cooper S)
Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L\u00a0\/ 100km<\/p>\n

The specs<\/p>\n

Engine:\u00a0four-litre V6 and 3.5-litre V6 twin-turbo<\/p>\n

Transmission:\u00a0six-speed and 10-speed<\/p>\n

Power:\u00a0271 and 409 horsepower<\/p>\n

Torque:\u00a0385 and 650Nm<\/p>\n

Price:\u00a0from Dh229,900 to Dh355,000<\/p>\n

Places to go for free coffee
\n\tCherish Cafe Dubai, Dubai Investment Park, are giving away free coffees all day.\u00a0
\n\tLa Terrace, Four Points by Sheraton Bur Dubai, are serving their first 50 guests one coffee and four bite-sized cakes
\n\tWild & The Moon will be giving away a free espresso with every purchase on International Coffee Day
\n\tOrange Wheels welcome parents are to sit, relax and enjoy goodies at \u2018Caf\u00e9 O\u2019 along with a free coffee<\/p>\n

The biog<\/p>\n

DOB: 25\/12\/92
Marital status: Single
Education:\u00a0Post-graduate diploma in UAE Diplomacy and External Affairs at the Emirates Diplomatic Academy in Abu Dhabi
Hobbies: I love fencing, I used to fence at the MK Fencing Academy but I want to start again. I also love reading and writing
Lifelong goal: My dream is to be a state minister<\/p>\n

‘Midnights’<\/p>\n

%3Cp%3E%3Cstrong%3EArtist%3A%3C%2Fstrong%3E%20Taylor%20Swift%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELabel%3A%3C%2Fstrong%3E%20Republic%20Records%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A<\/p>\n

UK\u2019s AI plan
\nAI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind\u2019s Raia Hadsell
\n\u00a310bn AI growth zone in South Wales to create 5,000 jobs
\n\u00a3100m of government support for startups building AI hardware products
\n\u00a3250m to train new AI models
\nTips to stay safe during hot weather
\nStay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
\nSeek cool environments: Use air conditioning, fans, or visit\u00a0community spaces with climate control.
\nLimit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
\nDress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
\nCheck on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
\nHome adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
\nRecognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
\nSri Lanka v England<\/p>\n

First Test, at Galle
England won by 211<\/p>\n

Second Test, at Kandy
England won by 57 runs<\/p>\n

Third Test, at Colombo
From\u00a0Nov 23-27<\/p>\n

Draw for Europa\u00a0League last-16<\/p>\n

Istanbul Basaksehir v Copenhagen;\u00a0Olympiakos Piraeus v Wolverhampton Wanderers<\/p>\n

Rangers v Bayer Leverkusen;\u00a0VfL Wolfsburg v Shakhtar Donetsk;\u00a0Inter Milan v Getafe<\/p>\n

Sevilla v AS Roma;\u00a0Eintracht Frankfurt or Salzburg v Basel;\u00a0LASK v Manchester United<\/p>\n

The specs: 2019 BMW i8 Roadster<\/p>\n

Price, base: Dh708,750<\/p>\n

Engine: 1.5L three-cylinder petrol, plus 11.6 kWh lithium-ion battery<\/p>\n

Transmission: Six-speed automatic<\/p>\n

Power: 374hp (total)<\/p>\n

Torque: 570Nm (total)<\/p>\n

Fuel economy, combined: 2.0L \/ 100km<\/p>\n

COMPANY%20PROFILE<\/p>\n

%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EEducatly%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohmmed%20El%20Sonbaty%2C%20Joan%20Manuel%20and%20Abdelrahman%20Ayman%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EEducation%20technology%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3E%242%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EEnterprise%20Ireland%2C%20Egypt%20venture%2C%20Plus%20VC%2C%20HBAN%2C%20Falak%20Startups%3C%2Fp%3E%0A<\/p>\n

More from Neighbourhood Watch:Mohammed bin Zayed Majlisif you go<\/p>\n

The flights<\/p>\n

Air Astana<\/a> flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.\u00a0<\/p>\n

The hotels<\/p>\n

Rooms at the Ritz-Carlton Almaty<\/a> cost from Dh1,944 per night including taxes; and in Astana\u00a0the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana<\/a>\u00a0costs from Dh1,458 per night including taxes.\u00a0<\/p>\n

When to visit<\/p>\n

March-May and September-November<\/p>\n

Visas<\/p>\n

Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.<\/p>\n

57%20Seconds<\/p>\n

%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A<\/p>\n","protected":false},"excerpt":{"rendered":"US companies are becoming increasingly hooked on artificial intelligence spending, and questions are growing whether this investment boom…\n","protected":false},"author":2,"featured_media":184838,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[363,138,11721,219,111,139,69,1177,427,145],"class_list":["post-184837","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-artificial-intelligence","tag-business","tag-business-team","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-standard","tag-story","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/184837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=184837"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/184837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/184838"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=184837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=184837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=184837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}