00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. economy has become heavily dependent on artificial intelligence,
00:05with AI investments now driving 40% of GDP growth and 80% of stock market gains,
00:10according to fund manager Roucher Sharma in the Financial Times.
00:14Sharma warned that America's economy has become one big bet on AI,
00:17sustained by an influx of billions in artificial intelligence,
00:20even as household costs soar, job creation stalls, and national debt climbs.
00:25He argued that these massive tech investments are masking deeper economic frailty,
00:29keeping an otherwise deteriorating system temporarily afloat.
00:32AI investment is overtaking consumer spending as the main driver of U.S. economic growth.
00:37Sharma warned that the nation's prosperity rests on investor faith in AI's unmatched productivity potential,
00:42cautioning that without its continued success, the fragile economy could collapse.
00:46For all things money, visit Benzinga.com.
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