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Big Technology Podcast
Did The AI Bubble Just Pop?, Apple Intelligence Beta Arrives, Friend Dot Com
Aug 2, 2024
Ranjan Roy, a contributor from Margins known for his insights on tech and economics, dives into the recent market selloff and declining consumer spending trends. He highlights Starbucks as an economic barometer and critiques Apple’s AI, especially Siri’s challenges. The conversation also explores the scrutiny around AI investments by big tech firms and discusses NVIDIA's resilience amid changing landscapes. As a light interlude, they share humorous Olympic anecdotes, including a quirky story about a lost wedding ring.
58:25
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Quick takeaways
- The recent market downturn is driven by economic uncertainties and skepticism surrounding the long-term viability of AI investments.
- Apple's Siri continues to fall short of user expectations, prompting concerns about the company’s ability to compete in AI innovation.
Deep dives
Macroeconomic Concerns Weighing on Wall Street
The recent downturn in the stock market is largely attributed to a combination of slowing macroeconomic indicators and concerns about AI spending. The Federal Reserve's decision to maintain interest rates has led to fears about the economy's direction, with new data revealing disappointing job growth and rising unemployment rates. Observers are questioning whether the Fed is making a mistake by not proactively cutting rates in response to these signs of economic deceleration. As consumer spending growth slows, particularly in luxury brands, market participants worry that the markets may be reacting to a broader economic malaise, not just AI-related ramifications.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode