BofA warns global economy amid AI boom backlash

BofA Global Research economists warned that a sustained correction in the AI trade poses a major risk to the global economy as capital expenditures rise and stock gains reverse. Meanwhile, voters across ten states are deciding local ballot measures concerning data-center construction and regulations, reflecting a broader public backlash against the infrastructure boom. At the same time, Goldman Sachs analysts report that AI adoption in the U.S. labor market is increasingly visible, with industries experiencing higher adoption showing weaker job growth and higher unemployment. Open article →