Huh thats an extermely simplistic read no offense.
Polticians say what makes them popular, most Americans are not concerned about AI fueled gains in the markets atm. Politicians are already reversing course this week in droves. Have you paid attention to the last few days? Polticians are absolutely switching up on everything.
AI doesn't provide companies economic value either, other than through speculation on stock prices. Its just cost companies a lot of money and contributes nothing to actual revenue. You'll see a lot of people playing musical chairs around this issue, nobody wants to be the person who rides that sinking ship to the bottom.
The smart money in the markets also seem to recognize this. Theres no point in continuing to die on a hill for AI for the sake of stock market gains, when its clear that its not going to continue to fuel those gains for much longer.. The mean reversion has already begun, these AI stocks are down 50% this month...
Politicans will chase that trend in either direction, its not about if number goes up, you dont want to be the person screaming about how great something is after its clearly started to die/rejected by the public.
alt Hacker News
Huh thats an extermely simplistic read no offense.
Polticians say what makes them popular, most Americans are not concerned about AI fueled gains in the markets atm. Politicians are already reversing course this week in droves. Have you paid attention to the last few days? Polticians are absolutely switching up on everything.
AI doesn't provide companies economic value either, other than through speculation on stock prices. Its just cost companies a lot of money and contributes nothing to actual revenue. You'll see a lot of people playing musical chairs around this issue, nobody wants to be the person who rides that sinking ship to the bottom.
The smart money in the markets also seem to recognize this. Theres no point in continuing to die on a hill for AI for the sake of stock market gains, when its clear that its not going to continue to fuel those gains for much longer.. The mean reversion has already begun, these AI stocks are down 50% this month...
Politicans will chase that trend in either direction, its not about if number goes up, you dont want to be the person screaming about how great something is after its clearly started to die/rejected by the public.
The AI gravy train is over.