AI’s Grip on Financial Markets Was Never Clearer on the Way Down

How AI Concentration Risk Sent the Stock Market Tumbling AI investments are so pervasive that market routs are nearly everyone’s loss This article is for subscribers only. Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies. Sign up now if you’re not already on the list. Big Tech’s ever-expanding grip on financial markets has been a risk factor for years, with bears giving up and going home every time a new record high was notched. But on Thursday, the sector’s outsize weight on the downside became apparent, when a sudden and rapid selloff wiped $2.3 trillion value off the stock market.