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

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Guardian Business

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 poli…