Parsing fact from science fiction requires a clear-eyed view. The pain lay-offs cause is quite real. But economically, doomsayers are seriously overreaching.

WASHINGTON (AP) — America has been rushing into an artificial intelligence future without much of a plan to stop what could be catastrophic job losses.

Morgan Stanley, Jefferies, and SpaceX warn that public backlash over AI job losses and energy costs poses material risk to tech stock valuations.

"When millions of people make millions and millions of decisions based upon negative expectations, there is a risk that fear can actually help birth the reality."

Parsing fact from science fiction requires a clear-eyed view. The pain lay-offs cause is quite real. But economically, doomsayers are seriously overreaching.