Tag: ai gold rush

Ai gold rush explained — what it is, how it works and what it costs. Below are 1 article about ai gold rush on CheapToken News.

The AI Gold Rush Is Turning Into a Wall Street Bloodbath

January 24, 2024 | Gizmodo AI
The AI Gold Rush Is Turning Into a Wall Street Bloodbath
Alphabet, Google’s parent company, and several other Silicon Valley giants are having a rough week on Wall Street. Shares of major tech companies have plunged in recent days as investors grow increasingly concerned about how much money they’re spending on AI and when and if those investments will pay off. Alphabet, for example, had its worst day ever on the stock market Thursday, with shares plunging more than 12% and wiping roughly $500 billion off the co