GoKawiil
Tech News
Deutsche Bank's analysis shows AI-related spending accounted for up to a third of UK economic growth during the first seven months of the year. The finding comes as Britain's economy has performed better than many forecasters had expected.
Reports indicate several companies adopting AI tools are underwhelmed by results, even as the UK leans on the sector for economic growth and touts gains in the NHS and broader economy. Economists say the current wave of AI firms is unlikely to all survive, predicting a shakeout that could leave a few dominant players controlling the market. OpenAI's decision to pause its path toward a stock market listing is being read either as a safety-conscious move or as a sign it fears weak investor returns.
A review of global polling, including a 55-country UNICEF study, finds that outlook on the future varies sharply by country, income and demographics rather than tracking objective economic conditions. Western nations like the US, UK and France show surprisingly bleak expectations for coming decades, sometimes ranking below countries such as Lebanon and Morocco, while many lower-income nations report greater optimism despite facing similar or greater challenges.