The head of JP Morgan’s of US equity and quantitative strategy appeared overnight on CNBC in an interview.
- He said advances in AI will not be enough to avert a US recession.
- said AI will drive “massive productivity gains for the broader economy”, but placed a timeline on this in around 3 to 4 years … “Not in the next 12 months.”
- said there are “so many” other headwinds to the economy to worry about