The slowdown in the development of artificial intelligence, as an emerging main topic, has raised concerns about its impacts on economic growth in the United States. With increasing calls for restrictions on this technology, experts are questioning whether this slowdown could lead to reduced economic growth.
Background of Growing Concerns
The issue of AI safety reached a high level last week with the resignation of several engineers from prominent companies. The CEO of Anthropic, Dario Amodei, fueled the discussion by calling on other AI leaders to "slow down progress." However, former President Donald Trump strongly rejected this idea, stating that safety concerns regarding AI are a "hoax" and that only China is pleased with this situation. He also emphasized this position in a phone call with NVIDIA CEO Jensen Huang.
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Economic Impacts of Artificial Intelligence
Economists estimate that AI-related investments accounted for nearly half of economic growth last year. Goldman Sachs analysts have also attributed about 50% of the recent profit growth in the S&P 500 to artificial intelligence. Fitch Ratings has predicted in an analysis that the U.S. economy could enter a recession if sales of AI-related stocks lead to a 35% drop in prices within six months.
The U.S. Supreme Court and Mail-in Voting
The U.S. Supreme Court issued a ruling rejecting the Trump administration's efforts to limit mail-in voting. The court responded negatively to Trump's emergency request to block a lower court ruling that deemed this restriction illegal. The 7-2 vote by the court severely undermined Trump's hopes of imposing federal control over the midterm elections.
Under the new law, states were required to provide lists of eligible voters to postal services to verify that ballots are sent to individuals on this list. Typically, postal services do not have a role in setting electoral laws.
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