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Big Tech is spending trillions on AI. Investors now want proof it will pay off.

This week’s selloff in technology stocks underscores a gnawing anxiety among investors: whether Big Tech’s massive spending on artificial intelligence will ultimately pay off. The Nasdaq Composite Index has slipped nearly 5% this week as Wall Street frets over whether the trillions of dollars going into artificial intelligence will deliver the revenue and profit growth needed to…

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Gadget prices have fallen for decades. Then AI happened.

After decades of declining costs, consumer electronics ranging from computers to video game consoles are jumping in price as the artificial intelligence boom drives a global shortage of memory and storage chips.  “The vast majority of the chips are going to the AI buildout and the data center revolution we’re seeing,” Wedbush Securities analyst Dan…

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AI on pace to bypass cybersecurity systems in months, not years, “Five Eyes” spy partners warn

The most advanced artificial intelligence models are improving quickly enough to outsmart prevailing cybersecurity know-how within months, the Five Eyes spy agency alliance has warned. The risk posed by AI-enhanced hacking is in the spotlight in the wake of startup Anthropic saying in April that its cutting-edge Mythos models had unprecedented abilities to find software…

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