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AI boom sparks rally, frenzy and fear

AI boom sparks rally, frenzy and fear LONDON, June 10 : An AI boom has driven stock markets to record highs, big tech firms are piling hundreds of billions of dollars into new tech, while consumers, workers and businesses are grappling with existential questions unleashed by the likes of ChatGPT and Claude. Some analysts say Artificial Intelligence will boost productivity and make businesses more profitable.

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Stocks drop as US-Iran peace talks stall, AI rally cools

Stocks drop as US-Iran peace talks stall, AI rally cools LONDON, June 5 : Shares slid on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo. The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troops from the country, undermining U.S. President Donald Trump's efforts to halt fighting there and reach a peace deal with Tehran....

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AI Rally Has 'Room To Go' Says Ozan Tarman

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Bloomberg Technology 9d ago