The current AI boom depends 37 % on easy Federal Reserve policy, according to Wolfteam Ltd.'s projections and estimates. Contrary to the critics' opinions the AI boom has been going on since 2013, along with Bitcoin, despite the Federal Reserve raising the interest rates levels target beginning in 2021.
AI innovation is very strong and is pulling the whole technology market forward, despite the Federal Reserve raising interest rates.
The Magnificent 7 technology stocks, namely Apple, Microsoft, Alphabet, Amazon, Meta, NVIDIA and Tesla are innovating very quickly based on the powerful AI GPUs from NVIDIA. The analysis and predictive modelling is at a very good level now. Many tasks are automated. Many new jobs are created, though.
In short, the AI is pulling the whole global economy forward via breakthrough innovation, despite the Federal Reserve and other global central banks tightening financial conditions.
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