William Blair：2026年经济周报：哇，第一季度真是相当精彩（英文版）

At the start of the year, much of the market discussion was taken up by who would be appointed as the next Fed chair, how many rate cuts we could expect to see this year, to what degree AI might be disinflationary, and how much debt tech companies were taking on to fund capex investment. From the end of January, however, the market started to reassess how much of an adverse impact AI was likely to have on the software industry. The threat began with November’s release of the AI agent OpenClaw