The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

AI stocks take a hit

News Snapshot:

NEW YORK — Artificial-intelligence stocks slid worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity. Another jump in oil prices, meanwhile, briefly sent the yield of the 10-year Treasury to 5% for the bond market ‘s latest pressure-raising milestone.Despite all the downers for Wall Street, gains for many stocks outside AI helped limit the market’s losses. So did a midday tempering of oil prices, and the S&P 500 fell a relatively modest 0.5%. More stocks rose within the index than fell. The Dow Jones Industrial Average dropped 152 points, or 0.3%, and…

Other China Tech Buzz: