There’s some good news for tech enthusiasts: the amount of money being spent on AI is so enormous, it’s literally saving the US economy — the largest national economy in the world. Unfortunately, there’s a drawback to this: namely, that if the AI industry fails, it could drag the rest of the economy down with it. In 2024, the S&P 500 grew by an incredible 24 percent — what the investment firm Charles Schwab called a “very good year.” Since 2023, nearly half the growth was clustered in just a handful of tech stocks, namely Meta, Amazon, Google, Microsoft, Nvidia, […]

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Link :
https://futurism.com/ai-economy-industry-hype