this post was submitted on 01 Feb 2024
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369
AI Companies Lose $190 Billion After Dismal Financial Reports (futurism.com)
submitted 9 months ago by stopthatgirl7@kbin.social to c/technology@lemmy.world
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Reuters reports that AI-related companies lost $190 billion in stock market value on Tuesday following disappointing earnings reports.

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[–] drmoose@lemmy.world 48 points 9 months ago* (last edited 9 months ago) (1 children)

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/

[–] TheBat@lemmy.world 6 points 9 months ago (1 children)

growth

Swelling, more like

[–] ShepherdPie@midwest.social 2 points 9 months ago

It's not a toomah!