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Tech firms hit by AI slowdown call with Fed expected to hike rates
SoftBank fell more than 12% as chipmakers sold off and oil prices climbed after Saudi Arabia shut a key pipeline, raising rate-hike concerns.
Summary by Morgan County Citizen
4 Articles
4 Articles
Tech firms hit by AI slowdown call with Fed expected to hike rates
The equity market losses were compounded by another spike in oil prices after Saudi Arabia closed a key pipeline, while US inflation data did little to lower expectations the Federal Reserve will hike interest rates this week. Chipmakers led the selling in Asia after Anthropic CEO Dario Amodei called Saturday for AI companies to "pace the frontier" -- or coordinate a slowdown in the technology's development -- to allow a better understanding of …
·Issy-les-Moulineaux, France
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Total News Sources4
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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