How AI could explode the economy

The following year, her colleague Tom Davidson conducted a more in-depth investigation of the potential for AI to supercharge ... growth levels, the US economy won’t double for 35 years.) ... Read More

Why the productivity gains from AI won't be able to prevent a recession

AI won't change the trajectory of the business cycle enough to prevent a downturn. "As powerful as the AI theme is, it is not big enough to prevent the economy from entering a recession ... Read More

American consumers won't save the economy in 2024 and their wild holiday spending spree was a 'last hurrah', Wells Fargo says

American consumers won't be able to prop up the US economy forever, and their wild spending spree over the holiday season was likely a "last hurrah," according to Wells Fargo. Retail sales came in ... Read More

Sam Altman doesn't think we are worried enough about how AI will impact the economy

Altman said the discussions around AI's effect on the economy — like how the technology ... "I have a fear that we just won't take that one seriously enough going forward, and it's a massive ... Read More

Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds

But higher taxes also generate more revenue for the government, which would allow the United States to rely less on borrowed money. Reduced government borrowing would over time support economic ... Read More

AI could 'supercharge' election disinformation, US tells the BBC

Artificial intelligence (AI) threatens to "supercharge" disinformation and incite violence at elections, the US deputy attorney general has warned. Speaking exclusively to the BBC, Lisa Monaco ... Read More

Trump returns with opportunity to supercharge U.S. economy

Tariffs alone are cheaper than President Biden’s industrial subsidies, but the former won’t provide a steady market in an economy with ... semiconductors, AI software and just about everything ... Read More