The crux is that spending on artificial intelligence isn't going to slow down, at least for the next year, thanks to increasing demand for AI services.
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The news is coming in fast and thick. Strap in.
First, interest rates.
The U.S. Federal Reserve lowered rates by 25 basis points, as expected by traders. But Chair Jerome Powell cautioned that another cut in December, which the market had been pricing in with more than 90% certainty, “is not a foregone conclusion.”
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