America’s economy is basically one big AI startup now

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00:00America's economy is basically one big AI startup now.

00:04The U.S. economy might be running on fumes, or more accurately, on GPUs.

00:09According to Ruchir Sharma, a former Morgan Stanley investor turned global fund manager,

00:14America's financial health now depends almost entirely on artificial intelligence.

00:19In a spicy op-ed for the Financial Times, Sharma argues that the U.S. economy has become one big bet on AI,

00:26and judging by the numbers, he's not wrong.

00:28AI spending now makes up a jaw-dropping 40% of U.S. GDP growth in 2025, Sharma says,

00:35while AI companies account for about 80% of all stock market growth.

00:39The country's economic pulse is being kept alive by tech bros and server farms.

00:44Without them, the numbers would look downright grim.

00:47Outside the glowing halo of AI optimism, things are looking rough.

00:51Utility bills are up, imported goods cost more than ever,

00:54and job growth is flatter than a Midwestern highway.

00:58Yet somehow, Wall Street is booming, because investors worldwide are shoveling cash into American AI projects

01:04faster than ChatGPT can write a press release.

01:07Of course, that money isn't exactly trickling down.

01:10Sharma points out that consumption, traditionally the backbone of the U.S. economy,

01:15is now largely powered by the richest 10% of Americans,

01:18who are responsible for a record 50% of all consumer spending.

01:21So, while the top tier is buying Teslas and training AI models,

01:25everyone else is just trying to afford groceries.

01:28Meanwhile, immigration challenges are hurting productivity,

01:32home foreclosures are rising, and government debt is ballooning.

01:35But you wouldn't know it from the rosy headlines,

01:38because the magic letters A&I are keeping the vibes high and the market numbers higher.

01:43Sharma's final warning is simple, AI better deliver.

01:45The U.S. economy is riding high on the promise that machine learning will supercharge productivity.

01:51If it doesn't, the great American AI boom might just turn into the next great American bust.

01:57Is there Model fly?

01:57Yeah.

02:03Theble fly does not need a什麼.

02:08Yeah.

02:13Yeah.

02:23Yeah.

02:24Yeah.