Share prices in US and European firms fall as the Chinese technology threatens to disrupt the AI industry.

Could things like this be what bursts the AI bubble?

EDIT: The BBC now has a continuous coverage article. Headlines:

  • More than $500bn erased from Nvidia’s value
  • China throws wrench into AI race on a seemingly shoestring budget
  • ‘AI’s Sputnik moment’

And of course:

How much have big tech stock prices dropped? published at 12:16

At the time of writing, these are Monday’s losses from some of the biggest tech companies in the US.

  • Microsoft : 3.7% drop
  • Nvidia, the third-most valuable company in the US, behind Microsoft and Apple: 15% drop
  • Alphabet (Google): 2.6% drop
  • Tesla: 1.5% drop
  • Cisco Systems: 4.9% drop
  • Chipmaker Broadcom: 16.43% drop

Apple and Meta have slightly increased in value today, with Apple up 2.65% and Meta up 1.69%.

  • tetrachromacy@lemmy.world
    5·
    3 days ago

    Tech bro billionaires get fucked. These guys remade your bullshit product BETTER and did it in CHINA! WITH A BOX OF(financial) SCRAPS!