Bloomberg (December 12)
“AI is powering Trump’s economy, but American voters are getting worried.” The Wall Street consensus is “that AI has driven most of the gains on the S&P 500 this year” so that may make AI look like a hero. Among voters, however, there are “signs of an AI backlash, one that could amplify concerns about the cost of living and the job-market outlook in Trump’s economy.” Data center projects are increasingly being “blocked or delayed by local opposition” and roughly $98 billion in investment was “stymied in the second quarter, more than the total for all previous quarters since 2023.”
Tags: AI, Backlash, Blocked, Consensus, Cost of living, Data centers, Delayed, Economy, Gains, Investment, Job market, Opposition, Outlook, S&P 500, Trump, Voters, Wall Street, Worried
