Rocky week for AI as shares slump but no sign of crash – yet

The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionaires Hello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you after fending off sunburns at the beach. Today, we’re discussing a rocky week for the AI industry’s finances and how California’s proposed billionaire’s tax is changing the political posture of the state’s governor. Impact of social media ban for under-16s in UK hinges on how firm it is UK under-16s social media ban: which apps will be blocked and how will it work? ‘Tech firms are losing the public’: social media age bans near tipping point OpenAI staggers AI model release after Trump administration request Meta pauses employee tracker for AI training amid privacy concerns ‘It’s dangerous and it’s going to erode trust’: redesign of US government websites stokes surveillance fears California billionaire tax will appear on ballot after deadline for deal passes | Technology | The Guardian Continue reading...