A massive tech stock sell-off dragged down the S&P 500 and Nasdaq on Tuesday. CBS News senior business and technology correspondent Jo Ling Kent has the details.
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations’ top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News 24/7: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on X: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h
For video licensing inquiries, contact: li*******@******ne.com
source
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial, investment, or legal advice. Stock markets, real estate, and other financial instruments involve significant risks, and past performance does not guarantee future results. You should conduct your own research and/or seek advice from a licensed financial advisor before making any investment decisions. The website owner is not liable for any financial losses or damages arising from the use of the information presented here.
About The Author
This is really helpful, thanks!
Ai is bad for mankind , cause massive unemployment, dlm
We are on the way to our second Dot-Com crash.
Artificial Intelligence isn't just speculation, it's a rampant unchecked fantasy in the realm of unicorns and fairies. Power costs and resource demands are too intensive and the infrastructure isn't even possible. Even if this stuff can be built, nobody will want to buy what it offers. It can barely do basic functions. It's just sad that we have see this tech bro fantasy crash the market.
Glad to see this is finally making mainstream news
Good
Let’s gooooooo
Gee, who didn't see that coming? yawn
Imagine investing a trillion in something and being told you just need 200 more billion and you'll get something soon 😂😂
If Nvidia wasnt greedy and actually pushed for Locally hosted AI like China has, this wouldnt be anissue. but they decided to push for oligarch economics and is now paying the price.
Anthropic and OpenAI are the next IBM unironically. Local AI is getting good fast, and some are already up to par with Mythos in finding bugs.
And we can run it all locally
Yayyyy pop faster!
"might be in a bubble"
Is it a bubble? Thanks god we have your valuable reporting. We’d never have realized the obvious on our own.
Yes it's a bubble. Nobody seems to have the balls to just admit it on these news channels.
In other words water is wet. More money has been spent on global AI investment than the rebuild after World War 2.
Get ready for bailouts like nothing we've ever seen.
Say it ain't so! [Clutch perls] 😱
Pop!
Just like Ed Zitron said a year ago.
lol Dan Ives aka the dumbest person on Wall Street 😂😂😂😂
GREED IS GOOD
NO SIGNALS, ONLY DECISIONS
Correction is great, but let's be clear: AI will never go away. People just need to stop focusing entirely on code, video and image generation and start looking at biology. Market never ends, it only changes.
Its funny SaaS stocks down because AI will replace them but AI too expensive so they are also down
"What goes up must come down, and what is down must go up"
So what youre saying is to buy now