Global stocks slumped in a tech-fueled selloff on Tuesday, with investors unnerved by growing debt-funded AI spending, the prospect of a more hawkish U.S. rate outlook, and tightening financial conditions from a stronger dollar and higher U.S. bond yields.
Tag: Disrupted
The global AI boom has turned South Korean chipmaking giants SK Hynix and Samsung Electronics into stock market darlings. It has also thrust their employees into the top tier of the country’s highly competitive marriage market.
Global stocks were mixed on Monday — optimism over Middle East peace talks lifted Asia and Europe, while tech and interest-rate jitters weighed on Wall Street — as investors also absorbed the resignation of UK Prime Minister Keir Starmer and the death of former Fed Chair Alan Greenspan.
SK Hynix on Monday overtook Samsung Electronics to become South Korea’s most valuable listed company, marking a dramatic reversal of fortunes for a chipmaker that two decades ago nearly collapsed under debt.
U.S. President Donald Trump said he might have viewed artificial intelligence company Anthropic as a national security threat last week, but he no longer does, according to an interview with “The Axios Show” published on Friday.
Senior research scientist John Jumper said on Friday he would leave Google DeepMind to join AI startup Anthropic, the latest high-profile departure at the Big Tech giant’s AI research and development division.
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin.
Europe’s quest for technological sovereignty will dominate discussions at the G7 in France and the VivaTech conference in Paris this week, as policymakers and technology executives fret about American AI, with alternatives remaining scarce.
Centre stage at last week’s Berlin airshow was the “wingman” drone, Europe’s latest-generation defence weapon designed to accompany fighter jets.
Nvidia will raise $20 billion through a U.S. bond issuance, a source told Reuters on Monday, tapping the debt market to fund the massive capital requirements to produce cutting-edge AI chips.