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Is AI just a bubble?
State

Is AI just a bubble?

  • By Levi Sumagaysay CalMatters

As California becomes more dependent on tax revenue from the tech industry, its stake in the health of the artificial intelligence industry ha…

Is there an AI bubble? Financial institutions sound a warning
Business

Is there an AI bubble? Financial institutions sound a warning

  • By KELVIN CHAN and MATT O'BRIEN AP Technology Writers

Financial institutions are raising concerns about a potential AI investment bubble. The Bank of England on Wednesday warned that tech stock prices, inflated by AI optimism, could face a sharp correction. The IMF echoed these concerns, noting that global stock prices are surging due to high expectations for AI's productivity potential. Experts point to rapid tech stock growth and stretched market valuations as signs of a bubble. While tech leaders like Jeff Bezos and Sam Altman acknowledge some risks, they speak optimistically about AI's long-term benefits.

Local News

'Shock and awe' stock rally

  • Updated

NEW YORK -- Wall Street surprised everyone over the past two weeks, surging higher on growing anticipation of a short and successful U.S. war …