China's AI Stock Bubble Bursts? $480 Billion Wiped Out As Shares Plunge 40%
By NDTV
China's artificial intelligence stocks are facing a sharp sell-off, with the STAR 50 index reportedly losing 40% of its value in four months, wiping out around $480 billion in shareholder wealth. Shares of chipmakers, data-centre equipment suppliers and robotics firms have plunged as investors reassess valuations, tax…
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
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A material, usually silicon, used to make the chips that process and store information in electronic devices.
Chips power everything from phones to cars, so their supply has become a strategic issue for governments.
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