📈 AI revenue hit $229 billion
Plus: AI job losses drop, El Niño squeezes trade & the agentic tool gap++
According to our Monday data roundup, the AI economy reached $229 billion in annualized revenue by the end of August, marking a three-fold increase from the previous year. Trailing twelve-month revenue hit $140 billion, more than triple the $44 billion seen in August 2025. While AI has impacted company margins, with Snowflake recently reducing its full-year product gross-margin guidance from 75% to 74%, attributing AI workloads to lower contribution margins, AI-attributed US job cuts fell in August, ending a five-month streak of AI being the top reason for layoffs, though it still accounts for 22% of the year's total cuts.
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