US economy near stalling point as consumer demand weakens, survey says

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Go back to US economy near stalling point as consumer demand weakens, survey says

Here's how UBS sees AI impacting the economy

August 23, 2023 2:22 PM EDT

What happens when AI takes over? That's the question UBS Chief Economist Paul Donovan asked in his note Wednesday.

"The hype about artificial intelligence (AI) has been increasing it is the 'Bored Ape' of 2023. However, unlike the crypto or NFT crazes, there is a clear economic application for AI.

Donovan told investors that there is "a lot of hype about artificial intelligence (AI)," and there are four broad impacts where economists "have something sensible to contribute."

AI and Jobs: UBS... More