Lates News

Morningstar Inc. pointed out that more and more companies are using artificial intelligence as an excuse to cut staff and reduce costs, rather than utilizing this technology to enhance productivity by redeploying employees. Analyst Rockland Harlowe stated that the market seems to be completely focused on what artificial intelligence may destroy rather than the value it can create. Concerns about how artificial intelligence will reshape the economy and labor market have dominated investor sentiment this month, leading to a pullback in various industries that some refer to as "AI panic trading." As earnings season and company performance guidance come under closer scrutiny, companies are now focusing on how artificial intelligence may impact their balance sheets.