Up to a point, they are right, since approaches are often a-theoretical, making it difficult to establish not just correlation but also causality. Therefore, more and more work is being done to create 'Explainable AI'. Lastly, since we often have to turn to cloud-based implementation – primarily because of computational demands – data security is an issue.
The softer labor  BIS Review 18/2008  1  market, together with factors including higher energy prices, lower equity prices, and declining home values, seem likely to weigh on consumer spending in the near term.