Another technological shake-up on the doorstep of Anthropic
The Stock Exchange is starting to demand tangible proof of profitability from AI and severely punishes any business disappointment
The market has reacted harshly to the latest earnings reports from tech companies, with Alphabet, Google's parent company, experiencing its largest stock drop of 12.64% after missing its third-quarter forecasts. Intel also saw a historic decline of nearly 30% due to lower-than-expected personal computer sales, which was impacted by the high demand for AI chips.
The tech industry's heavy investments in AI have raised concerns among investors about the sector's profitability, with many stocks experiencing declines of over 20% from their highs. The upcoming initial public offering of Anthropic, a company focused on AI development, will be a test of investors' appetite for AI-related risk.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
