Business & Economy

Could the AI bubble burst after Democrats' midterms sweep? - The Latest

Source: Business | The Guardian · Published

Could the AI bubble burst after Democrats' midterms sweep? - The Latest
Source: Business | The Guardian

Global tech stocks have plunged after the Democrats’ victory in the US midterm elections, with fears of a slowdown in AI development. Major tech corporations including Apple, Tesla and Nvidia shed about $1tn in a single trading session. Is this stock market jitters, or a sign the

Global tech stocks have plunged after the Democrats’ victory in the US midterm elections, with fears of a slowdown in AI development. Major tech corporations including Apple, Tesla and Nvidia shed about $1tn in a single trading session. Is this stock market jitters, or a sign the AI bubble might be about to burst?

Lucy Hough speaks to senior economics correspondent Richard Partington Continue reading...

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No more Cybertrucks; Musk moves on from the angular metallic flop
Technology & AI

No more Cybertrucks; Musk moves on from the angular metallic flop

Elon’s Edsel is no more. Last night, Tesla CEO Elon Musk revealed on social media that his car company is ending its failed attempt to wrest control of the American pickup truck market. The Cybertruck will cease production in the middle of 2027, liberating that space in Tesla’s c

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