Forget the dot-com boom (and bubble) of the 1990s. Artificial intelligence (AI) has that surge in excitement and investment beat by a mile.
Since November 2022, when ChatGPT was introduced, the market value of AI-heavy companies like Nvidia and Microsoft has increased by 169%. “The spending spurred by that wealth, and the massive sums those companies are plowing into data centers, are why the hard data on economic growth and household finances looks pretty healthy,” reports the Wall Street Journal.
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So why is consumer sentiment at a near record low?
A 1995 Pew Research poll found 72% of respondents were comfortable with the new technology during the dot-com boom. Just 24% were not. Indeed, Americans embraced the internet with gusto, seeing it as a
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