We discuss a subject that has captured immense attention and investment: artificial intelligence. AI is often described as the new electricity and is frequently compared to past technological booms such as the dot-com bubble or the telecom surge. It has attracted vast amounts of capital and, in recent months, has provided a notable boost to the US economy. Yet, only a few months ago, during our first episode of *ThinkMacro*, we discussed the fading of US exceptionalism. Were we mistaken?
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