Are Wall Street vibes shifting on AI?

Major US banks are signaling that while AI investment remains a net positive, significant leverage and high interest rates introduce potential vulnerabilities. These infrastructure expenditures, comparable in scale to historical telecom and railroad build-outs, raise questions about long-term economic impact and the risk of a market correction if revenue growth fails to meet expectations. Meanwhile, the political landscape is shifting as Wisconsin gubernatorial candidate David Crowley introduces a targeted AI safety plan. By focusing specifically on child protection and online scams, the proposal aims to address immediate voter anxieties and counter criticisms regarding his ties to the tech industry. This pragmatic approach reflects a broader trend of state-level legislative efforts to manage the rapid evolution of AI technology through narrow, actionable policy rather than sweeping, untested regulations.