Investors in New York and Seoul are expressing concerns about the costs and risks of artificial intelligence, causing significant market fluctuations. The Nasdaq 100 fell 6.4%, representing a loss of approximately $2.5 trillion in market capitalization, while South Korea’s KOSPI and Taiwan’s benchmark indices also declined sharply. This volatility reflects growing skepticism about the profitability and sustainability of massive AI investments, particularly for chipmakers, cloud companies, and data-center operators. Anthropic’s valuation pricing reflects this weakening confidence, while its planned initial public offering remains a key focal point. Announcements from Amazon and Google about their investments and partnerships could alter market perceptions.
Source: Read the original article
