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Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports

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Big tech stocks falter as investors question whether billions being poured into AI can generate returns quickly enoughA sell-off of tech stocks that began earlier this month and gained steam with disappointing earnings from leading tech companies drove US markets down by hundreds of billions of dollars Friday. In total, the decline has knocked nearly

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Sharp drops for AI stocks overwhelm markets worldwide as oil prices jump

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Datacenter and chip costs fueled sharp decrease in AI sector although non-AI stocks still had a strong showingThe latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran .The S&P 500 fell 1.2% for its

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AI firms say UK has a year to head off datacentre protests before construction is threatened

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Exclusive: Nvidia, Microsoft and Cisco taskforce urges ministers to offer areas greater benefits from tech infrastructure amid fears of US-style oppositionAI companies have told ministers they have 12 months to head off public opposition to datacentres in the UK or risk US-style protests that could threaten their construction.Successive dry summers and rising energy bills are

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Nvidia, worth $5.5tn, donates $250m to UK for AI safety research

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Pledge spanning five years from world’s most valuable firm comes as concerns about AI agents have risenThe $5.5tn (£4.1tn) US chipmaker Nvidia is donating $250m worth of computing power to the UK to support AI safety research.The donation from the world’s most valuable company comes as the UK government confirmed its AI Security Institute, which

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Companies rushed in on AI. Now some are pulling back

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Rapid AI adoption left workers cleaning up a flood of errors and low-quality workEmployers around the globe are grappling with the fallout from rushing to adopt fast-changing artificial intelligence tools.Meta has scaled back plans to axe staff and use more AI agents after the company found employees were spending more and more time cleaning up

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Sam Altman says AI will make ‘bad things’ happen. Exhibit A: needless death | Moustafa Bayoumi

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AI is already implicated in violent deaths and nearly started world war three. Those bad things? They only happen to other peopleSam Altman, the chief executive of OpenAI, has some words for you about his company and the future of artificial intelligence.“One of the differences between us and some of the stricter AI safety people

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Trump announces vague ‘morally binding’ AI deal among tech CEOs for ‘tremendous self-policing’

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US president also issued executive order officially rebranding ‘artificial intelligence’ as ‘superintelligence’ Donald Trump announced on Tuesday that the heads of the largest US tech and AI companies had signed onto a “morally binding” agreement to put controls on artificial intelligence. He announced the deal, called the “Joint Commitment On Frontier Responsibilities,” following a White

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The AI Tipping Point: How AMD’s MLPerf 6.1 Results Signal the End of Nvidia’s Monopoly

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Whenever a single vendor captures 80 percent of a highly lucrative market, history tells us two things are about to happen. First, the dominant player will begin to act as if their moat is impenetrable, often prioritizing lock-in and margin […] The post The AI Tipping Point: How AMD’s MLPerf 6.1 Results Signal the End

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Nvidia unveils security platform to rein in AI agents and $150bn stock buyback

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Chipmaker says new system was designed to prevent AI agents from going rogue amid incidents at top companiesNvidia on Monday unveiled a new security platform that the chipmaker said can stop artificial intelligence agents from going rogue.The company announced a $150bn stock buyback the same day. Continue reading…

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Nvidia boss says there is ‘0% chance’ AI destroys the world by 2030

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Jensen Huang dismisses warnings from former Anthropic researcher and others as ‘doomsday narratives’Business live – latest updatesThe boss of the chipmaker Nvidia has said AI will not develop to a point that will lead to the extinction of the human race within a few years, rejecting such assertions as overblown “doomsday narratives”.Jensen Huang, the co-founder

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