America’s AI startup boom
Editorial
The Economist
An “array of data” suggests that Americans are rediscovering their “go-getting spirit”, says The Economist. Applications to form businesses hit a record high of 5.5 million last year and the monthly average is around 80% higher than in the pre-Covid decade. Since Covid, mature firms have lost one job for every four created by start-ups. There has been a “particularly sharp” increase in applications involving artificial intelligence (AI), carrying “echoes” of the 1990s when “the internet took off”. Entrepreneurs,
