As AI lifts the economy and stock market, businesses in retail, travel and construction are struggling with high costs and a downbeat consumer.
For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away.
While companies like Nvidia
, Alphabet
and Broadcom
are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed from Wall Street and Silicon Valley.
AI spending is powering growth in GDP and profits but experts warn the rest of the U.S. economy may be weakening.
Artificial intelligence is widening the productivity gap between the large and small companies, furthering the 'K-shaped economy'…
As more businesses begin to experiment with artificial intelligence and consider how it might improve their profitability,…
“The crash is separating real AI revenues from companies that only have AI PowerPoints.”
In the absence of tech-related spending, the US would be close to, or in, recession this year, experts say.
Despite strong economic potential, recent research shows many businesses still struggle to adopt AI at scale, especially in…
