The AI Bubble Is the only Thing Keeping the US Economy Together, Deutsche Bank Warns

The AI bubble is the only thing keeping the US economy together, Deutsche Bank warns

According to a research note recently sent to clients by Deutsche Bank, the AI boom is currently helping the US economy avoid a recession but it cannot continue indefinitely. George Saravelos, Global Head of FX Research at Deutsche Bank, said the US would be close to a recession this year...Read Entire Article

Deutsche Bank Notices That a Needle Is Getting Dangerously Close to the AI Bubble

If not for AI spending, the bank says the US would be in a recession.

Deutsche Bank Issues Grim Warning for AI Industry

Economists keep warning that the US economy is being propped up almost entirely by an enormous boom in the tech and AI sector. Should the rest of us be worried? Multibillion-dollar investments have become the norm as AI companies continue to double down on enormous infrastructure buildouts and talent acquisitions that they insist will undergird a new economy in which huge amounts of human labor are automated away. In a new research note, as Fort…