US tech stocks see sharp falls as AI spending nears $1tn

Tech stocks tumbled for the second day in a row as concerns rise over the hundreds of billions of dollars firms are investing in artificial intelligence (AI). Shares in Intel plummeted by 28% on Friday, while Google owner Alphabet saw its stock price continue to fall...

The real question we should all be asking about AI

That means the questions the market seems to be asking about AI – will Big Tech keep growing its spending? (it most certainly will) and will AI will turn a profit anytime soon? (doesn’t look like it) – are the wrong ones. The real question we should be asking...