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Wall Street Sees AI Backlash as Rising Risk to Tech-Fueled Rally

Wall Street Sees AI Backlash as Rising Risk to Tech-Fueled Rally
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Wall Street Sees AI Backlash as Rising Risk to Tech-Fueled Rally Market professionals already on edge about the staying power of soaring artificial intelligence stocks are starting to grapple with another risk: public anger toward the technology. Rising electricity bills across the US are sparking outrage. Data center projects are facing pushback from state and local governments.

Wall Street Sees AI Backlash as Rising Risk to Tech-Fueled Rally Market professionals already on edge about the staying power of soaring artificial intelligence stocks are starting to grapple with another risk: public anger toward the technology. Rising electricity bills across the US are sparking outrage. Data center projects are facing pushback from state and local governments. And workers are fearful that powerful new AI tools will take their jobs. [Image text:] STOP DATA STOP DATA CENTE TEXTFWWTo7 DYEARLSTRONG FuNDCL
Rally Market (ORG) US (LOCATION) AI (ORG)
Originally published by Bloomberg Markets Read original →