Tech giants lose $1 trillion in one day after Democrats victory in midterms
GlobeAlert Desk · curated from France 24 [en] · global
Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia. Investors appear worried about the possibility of an AI slowdown and tougher regulation as Democrats won the midterms in the US. Some of the Democratic candidates had expressed their opposition to the data centres that are needed to power AI technology.
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