AI anxiety and expert opinions

PARAGRAPH 1 --- What happened: Growing public anxiety over AI's impact on jobs was evident when former Google CEO Eric Schmidt was booed at a graduation speech for mentioning AI. Meanwhile, experts like Michael Wooldridge and AI companies are struggling to win the public relations battle, with voters, especially the young, expressing concerns about AI's risks.

PARAGRAPH 2 --- Market impact: Tech companies investing heavily in AI, such as Google, may face reputational risks and potential regulatory headwinds. The AI sector could see increased scrutiny, impacting valuations and investment decisions. Meanwhile, AI-driven products and services may face slower adoption due to consumer wariness.

PARAGRAPH 3 --- What to watch next: Upcoming catalysts include the U.S. midterm elections in November, which could indicate the political appetite for AI regulation. Also, watch for earnings reports from AI-focused companies like NVIDIA (Q2 2023, Aug 16) and Alphabet (Q2 2023, Jul 25), which could provide insights into consumer demand and business adoption of AI technologies. Lastly, monitor the AI Index Report's annual release (fall 2023), which provides a comprehensive overview of AI's growth and impact.