Kai Risdahl

Catherine, they meet next week, the Fed does.

And just to bring it to current events, right, we're still in the middle of an energy shock.

The mantra at the Fed has been we're going to try to look through this energy shock to see what's going on.

But we also had the International Energy Agency this week saying, you know what, this energy crisis is going to last two

years.

How then does one run a central bank when you're trying to do that?

David, real quick, like 15 seconds.

How do you read the tea leaves for the meeting this week?

They hold, right?

David Gurra, Bloomberg, Catherine Pell, MSNOW, The Bulwark as well.

Thanks, you two.

Thanks, guys.

Wall Street to end the week that was.

War or what?

Me worry?

We'll have the details when we do the numbers.

I think we mentioned Meta and Microsoft yesterday, almost 25,000 positions between the two of them that are either going away or aren't going to be filled so that those two companies can spend more on artificial intelligence.

A lot of that spending is building physical infrastructure, all those data centers, computer racks and GPUs, the hardware of it.

But it turns out that actually using AI is turning out to be a bigger and bigger expense for a whole lot of companies.

KPMG figures companies are going to nearly double their AI usage spend in the next year to the point where it might start to rival employee salaries in some cases.