Jim Bianco, head of one of American research company, agrees that AI panic is everywhere, but what AI doom-and-gloom story is missing

Jim Bianco, President and Macro Strategist at American research company Bianco Research has a message for everyone worrying and getting anxious over artificial intelligence (AI). Since past thirty-plus years, Bianco’s commentaries are said to have offered a perspective on the global economy and financial markets. Known to be almost a regular on Business TV channels in the US, Bianco agrees that the fears of AI are everywhere and palpable, but at the same time he says that all those predicting AI doom-and-gloom scenario are missing the bigger picture.

In a long post on X, formerly Twitter, Bianco writes why one needs to be optimist about AI and not not fear all the job loss/layoff stories.