Global tech stocks plunge as US midterms add to AI slowdown fears | BBC News
Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia after the US midterm elections sparked concerns of a slowdown in artificial intelligence (AI) development.
Shares in firms across the tech sector plummeted following Democratic wins in Tuesday's midterms.
A number of Democratic candidates had run campaigns on slowing AI development - and there are broader concerns about whether the huge sums being spent on the technology will pay off.
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Shares in firms across the tech sector plummeted following Democratic wins in Tuesday's midterms.
A number of Democratic candidates had run campaigns on slowing AI development - and there are broader concerns about whether the huge sums being spent on the technology will pay off.
Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#Stocks #AI #BBCNews
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