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Chasing an economic boom, White House dismisses risks of AI
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On Dec 23, the federal government reported that the US economy grew at an annual rate of more than 4 per cent in the last quarter.
PHOTO: REUTERS
Tony Romm and Colby Smith
WASHINGTON – It was early November, and the stock market had grown jittery as investors recoiled anew over the enormous bets the nation’s largest technology companies had placed on artificial intelligence.
But the skittishness playing out on Wall Street that day barely registered at the White House. Asked whether he harboured any fears about an emerging bubble, one that could damage the economy if it were to pop, President Donald Trump brushed aside all doubts.
