Drumroll please!
“That’s still enough time to cause psychic damage to investors, consumers, and adversely affect economic data for the April release cycle in May.”
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Brad Conger doesn’t think so. As the chief investment officer of Hirtle Callaghan asserts to my colleague Shawn Tully, “AI’s not replacing jobs, but job cuts are funding AI expenditures.” Conger has a point. With Gartner anticipating global capital spending on AI to hit $2.5 trillion this year, that money has to come from somewhere.