Global stocks tumble as Alphabet CEO warns of AI bubble
Global stock markets tumbled on Tuesday as warnings from Google's chief executive about a potential artificial intelligence bubble triggered a broad sell-off in technology shares, with investors growing increasingly anxious about inflated valuations ahead of key earnings reports and economic data.
Sundar Pichai, CEO of Alphabet, told the BBC in an interview published Tuesday that "no company is going to be immune, including us" if the AI bubble were to burst #AI #bubble #pichai #Alphabet https://www.perplexity.ai/...

Social media giants to face trial over youth addiction claims Four major technology companies will stand trial in January over allegations they deliberately designed their platforms to addict young users, after a Los Angeles judge rejected their final attempts to dismiss the cases on November 6. Los Angeles Superior Court Judge Carolyn B. Kuhl denied summary judgment motions from Meta, ByteDance, Alphabet, and Snap, allowing claims to proceed that their platforms—Instagram, Facebook, TikTok, YouTube, and Snapchat—were engineered with addictive features that harm youth mental health. #SocialMediaGiantsMustFaceTrialOverYouth #AddictionClaims #YouthMentalHealth #TechLitigation https://www.perplexity.ai/...

CMA Approves Alphabet's Partnership with Anthropic: No Further Investigation Under UK Merger Regulations #AI #Alphabet #Anthropic #MachineLearning