Middle Class Squeezed as AI Surges
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“This is a split-screen economy,” said Heather Long, chief economist at Navy Federal Credit Union. “AI is doing well and the middle class is squeezed.”
Reports from the nation’s tech giants yesterday showed how much money is being thrown at artificial intelligence. On Thursday, that cash-fueled engine was on full display, as new data from the Trump administration indicated inflation-adjusted gross domestic product increased an annualized 2% in the first quarter.