California removes teeth from AI law without addressing tech’s core concerns
The law appears more corporate friendly, but the implications for consumers are a bit murkier. Go to Source
Amazon
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Tech giants losing momentum as AI progress disappoints investors
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus. Go to Source
Amazon faces UK merger probe over $4B Anthropic AI investment
Microsoft and OpenAI face similar scrutiny as Europe and the UK seek to identify the line between investment and acquisition. Go to Source
Bitcoin could fall below $50K if Magnificent 7 stocks stage another $500 billion loss
Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value. Go to Source
German quantum breakthrough highlights need for particle physicists in crypto
German quantum breakthrough highlights need for particle physicists in crypto Go to Source
Nvidia delays next gen AI chip as investors issue ‘bubble’ warning
After briefly breaking the $3 trillion market capitalization mark in June, things have taken a negative turn for the world’s most valuable chipmaker. Go to Source
Q2 earnings: AI sector enters flat spin as consumer disinterest in chatbots intensifies
Despite unbridled optimism and massive spending, generative AI is still a solution looking for a problem. Go to Source
Tech stocks plummet as Intel nosedives, Nvidia faces antitrust probe
It’s layoff season again as big tech and the semiconductor industry fail to meet investor expectations. Go to Source
‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. Go to Source
Skild AI announces $300M funding from Jeff Bezos, Softbank to build ‘robot brains’
Another unicorn has entered the race the develop human-level AI. Go to Source
