Mufg warns US economy and dollar face significant risk from AI sector slowdown

Derek Halpenny, the global markets research head at MUFG, has indicated that the United States economy is heavily reliant on the ongoing positive trajectory of artificial intelligence. Halpenny noted to Bloomberg Television that AI is now deeply integrated across various components of the US Gross Domestic Product data. He cautioned that this intense dependence makes the US market highly susceptible to any downturn in the AI sector. Furthermore, Halpenny pointed out that the US dollar itself is vulnerable to this potential pullback, suggesting a heightened risk profile for both the economy and the currency.