AI funding fears rattle Wall Street. Here's how we're adjusting our portfolio
Worries about AI funding have shaken Wall Street, and the rotation out of AI stocks has lifted several defensive holdings in CNBC's Investing Club portfolio.
Worries about AI funding have shaken Wall Street, and the rotation out of AI stocks has lifted several defensive holdings in CNBC's Investing Club portfolio.
Tomek Korbak, Mikita Balesni and Jasmine Wang, the three safety researchers OpenAI fired, deny sharing confidential information and link their dismissal to their push for AI systems that are easier to scrutinise. They say OpenAI never told them in writing which information they supposedly mishandled.
TechCrunch keeps a running tally of AI projects that were shut down or fell short of expectations, from Apple's repeatedly delayed Siri AI to OpenAI's messy 'super app' launch.
Australian international Cristian Volpato has licensed an AI-generated clone of himself, joining other athletes trying to control and profit from their digital identities. A social media video shows him spawning digital copies of himself in settings around the world.
Nvidia has moved from selling chips to helping finance the AI build-out. With neocloud providers under market pressure, some investors think the company has taken on outsized risk.
Brave, which markets itself as a private browser, has also been selling access to its search index to AI assistants. The business sits in a legal grey zone and raises questions about how far its privacy promises hold once queries pass through a third-party chatbot.