SoftBank flogs Nvidia stake to bet big on OpenAI
Son's AI obsession unnerves investors despite record profits
SoftBank Group shares nosedived 10 per cent after it dumped its entire Nvidia stake for $5.8 billion, choosing to punt the lot on OpenAI instead.
Bank of England fears AI bubble about to pop
Threadbare faith in AI valuations
The Bank of England has warned that the frothy optimism inflating the world’s biggest tech stocks could soon splatter across trading floors, saying the risk of a “sharp market correction” has grown alarmingly.
AI stocks take a kicking
Tech investors run scared after MIT says most AI projects are useless
Tech investors got spooked on Tuesday after the Massachusetts Institute of Technology suggested most AI projects were about as useful as a chocolate teapot.
NAND price bubble continues to inflate
Phison Electronics warns things will get worse
NAND flash prices have been inflating excessively lately and Phison Electronics chairman Khein Seng Pua warned that prices are set to go up again in the third quarter as end-market demand surges.