In July, Wall Street experienced its worst day since 2022, with the tech-focused Nasdaq falling by 3.6%. The downturn was largely triggered by what commentators suggest is the result of underwhelming earnings from some major tech companies. What’s notable is that the companies hit the hardest by this decline were those heavily invested in AI. While AI has driven significant investment and optimism, there is growing concern that its capabilities may have been overhyped. This … More
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