From destroying humanity with AI to the Nasdaq record in 10 days; how to explain it?
The tech sector profit bubble is removing the fear of robots, for now.
The technology sector's profit bubble is easing fears about robots, for now. Despite concerns from AI executives, including Sam Altman, Elon Musk, and Dario Amodei, about the risks of uncontrolled AI, the market has quickly recovered. The Nasdaq 100 has reached a new record high, and the S&P 500 is close to its own record, driven by expectations of large profits from AI investments.
Analysts at Jefferies and Bernstein Research believe that the market is focused on financial gains rather than social risks, and have raised their predictions for the S&P 500 and AI investors' returns.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
