AI Companies Lose $190 Billion After Dismal Financial Reports

stopthatgirl7@kbin.social to Technology@lemmy.world – 361 points –
AI Companies Lose $190 Billion After Dismal Financial Reports
futurism.com

Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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What a clickbait "article". The whole stock market is correcting insane growth of last year and in fact the company with the biggest AI investments (Microsoft) crashed the least!

It's rewording the real article from Reuters: https://www.reuters.com/technology/ai-companies-lose-190-billion-market-cap-after-alphabet-microsoft-report-2024-01-31/