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Finance

US tech stock rout: is the AI bubble bursting?

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown? Global financial markets have been thrown into a tailspin as investors bet on an AI slowdown after the US midterm elections. This is not the first time stock markets have wobbled in recent months due to concerns over a tech bubble. But could this volatility be the start of a huge market meltdown? Continue reading...

The Guardian
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Politics

UK government to extend controversial Palantir NHS contract as it draws up plan for British alternative – as it happened

Health secretary Yvette Cooper has faced calls to axe US tech firm’s contract to deliver the flagship government AI system, report says Here are some more photos from prime minister Andy Burnham’s visit to Siemens Rail Technology Centre in Chippenham earlier today: The Conservative leader, Kemi Badenoch, has caused “profound anger, hurt and disbelief” among many black voters with her comments about transatlantic slavery, according to the chair of Operation Black Vote (OBV), who urged the prime minister, Andy Burnham, to apologise for Britain’s involvement without delay. Continue reading...

The Guardian
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