Happy Tuesday. The Nasdaq jumped over 3% today as tech stocks took off on renewed hopes for a cessation in the Iran conflict, plus a positive consumer confidence report. Meanwhile, the Russell 2000, S&P 500, and Dow advanced over 2% on the news.
The AI industry portends a future where those who don't learn, use, and leverage AI will be left behind. They frame it as an inevitability, but new data shows that Americans and companies aren't necessarily cheering for this future.
New data shows that just 17% of Americans said they expect that AI will have a more positive effect on the U.S. than an equal or overwhelmingly negative effect. And despite stressing its benefits, business adoption of AI has backtracked since peaking late last year.
So if it's so inevitable, why does it feel so optional at this stage? And what is the market telling us about the AI boom?
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