Deutsche Bank Issues Grim Warning for AI Industry
Economists keep warning that the US economy is being propped up almost entirely by an enormous boom in the tech and AI sector. Should the rest of us be worried? Multibillion-dollar investments have become the norm as AI companies continue to double down on enormous infrastructure buildouts and talent acquisitions that they insist will undergird a new economy in which huge amounts of human labor are automated away. In a new research note, as Fortune reports, the international finance giant Deut