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Investment in AI-resistant ‘Halo’ companies helps push UK and EU markets to record highs

Investors are shifting toward physical assets that are partially insulated from disruption, says Goldman SachsInvestors have a new mantra as they prepare for AI to shake up the global economy – the Halo trade.Interest in Halo – short for “heavy assets, low obsolescence” – has risen as investors seek out companies with tangible, productive assets, […]

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‘A feedback loop with no brake’: how an AI doomsday report has rattled markets

Scenario posted on Substack envisages a near-future in which autonomous systems upend the entire US economyUS stock markets have been hit by a further wave of AI jitters, this time from yet another viral – and completely speculative – warning about the impact of the technology on the world’s largest economy.The latest foreboding is from

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AI is indeed coming – but there is also evidence to allay investor fears

Opinions are divided about the potential impact of artificial intelligence as the response to a recent viral essay showsUK ad agencies undergo their biggest exodus of staff as AI threatens industryThe message from investors to the software, wealth management, legal services and logistics industries this month has been clear: AI is coming for your business.The

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Shares in trucking and logistics firms plunge after AI freight tool launch

SemiCab platform by Algorhythm, previously considered a ‘penny stock’, sparks ‘category 5 paranoia’ across sectorShares in trucking and logistics companies have plunged as the sector became the latest to be targeted by investors fearful that new artificial intelligence tools could slash demand.A new tool launched by Algorhythm, a former maker of in-car karaoke systems turned

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Share values of property services firms tumble over fears of AI disruption

But, after second day of Wall Street falls, analysts say sell-off ‘may overstate AI’s immediate risk to complex deal-making’Shares in commercial property services companies have tumbled, in the latest sell-off driven by fears over disruption from artificial intelligence.After steep declines on Wall Street, European stocks in the sector were hit on Thursday. Continue reading…

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UK wealth manager and price comparison site shares fall amid AI fears

Drop comes as AI firm Altruist launches service that helps advisers create personalised tax strategiesBusiness live – latest updatesWealth managers and price comparison sites have become the latest companies to be hit by fears that their businesses will be disrupted by new artificial intelligence innovations.Shares in UK wealth management firms tumbled on Wednesday morning, after

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Software sell-off deepens amid AI fears in ‘echoes of dot-com crash’ – business live

Rolling coverage of the latest economic and financial newsOnly seven new petrol-powered cars sold in Norway in JanuarySilver is also looking very volatile.The spot price of silver tumbled by 19% yesterday, hot on the heels of its 27% plunge on 30 January. Continue reading…

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Software stock sell-off goes global amid fears over AI-led disruption – business live

Rolling coverage of the latest economic and financial newsIn the insurance world, Zurich appears to have won its battle to aquire smaller rival Beazley after increasing its offer price.The two companies have told the City this morning they’ve reached “agreement in principle” on the key financial terms of a possible recommended cash offer, which values

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SpaceX mulls $1.5tn IPO timed to ‘align with Musk’s birthday and the planets’

World’s richest person targeting symbolic date in June for flotation of rocket companyElon Musk’s SpaceX is considering a flotation valuing the rocket company at $1.5tn (£1.1tn) that will reportedly be timed for early summer to coincide with a planetary alignment and the multibillionaire’s birthday.The world’s richest person is targeting a symbolic date of mid-June for

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SpaceX lines up Wall Street banks as Musk eyes blockbuster IPO

US aerospace tech company reportedly held talks last year over private share sale that values business at $800bnElon Musk’s SpaceX is reportedly lining up four Wall Street banks to help the company list on the stock market as investors prepare for an expected rush of US tech listings.SpaceX is considering Bank of America, JP Morgan,

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