Sunshine during my tour of the West Coast and in the stock market last week. But everyone’s on the lookout for signs of an AI bubble. Jeff Bezos has a positive take on bubbles that makes sense to us: They accelerate funding and hasten AI’s tremendous benefits. Revisiting the BRAIN Revolution and our long-standing confidence in technology and its positive impact on the economy. … Also: Pandemics, tangled supply chains, and tariffs are no match for the resilient US economy in the Roaring 2020s. … And: The labor market is weak, but productivity is strong.
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