Futurism: Deutsche Bank Issues Grim Warning for AI Industry

I’ve heard some noise about this on Mastodon:

«In a new research note, as Fortune reports, the international finance giant Deutsche Bank is warning that AI spending can’t continue to increase exponentially. And if spending were to slow down without realizing the tech’s outsize promises, the analysts caution, it could reveal an economy in tatters — marked by unemployment, lower household incomes, and inflation — that had been hidden by an irrational optimism in the power of AI.»

https://futurism.com/artificial-intelligence/deutsche-bank-grim-warning-ai-industry

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