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The Economy Is Lurching Downward as Fear of AI Spreads

May 7, 2023 | Futurism AI
The Economy Is Lurching Downward as Fear of AI Spreads
Getty / Futurism AI chipmaker Nvidia, the world’s most valuable company, demolished analyst expectations this week when it posted a massive 73 percent increase in fourth-quarter revenue. But then something strange happened: Nvidia’s shares tanked by over five percent following the announcement, as Bloomberg reports, in its biggest one-day drop since mid-April. It was a baffling reaction to a financial slam dunk, highlighting ongoing fears that the massive