The AI Boom: A Tale of Two Economies The world's biggest tech companies are investing heavily in artificial intelligence research and development, with projected spending reaching $800 billion this year and over $1.
1 trillion by 2027, according to Morgan Stanley. However, the benefits of this trend seem to be accruing mainly to their bottom lines. In contrast, ordinary Americans face a different reality.
Real wages continue to stagnate, consumer spending is slowing, and people are cutting back on goods – despite being the driving force behind economic growth.