In China, the AI bubble has already burst

🇨🇳 Kathmandu Post (CN) —
In China, the AI bubble has already burst

AI Summary

A 40% decline in China's STAR 50 index has erased about $480 billion in market value, prompting concerns about AI-related valuations. The article also questions Beijing's effort to direct household savings into equities.

A 40 percent plunge in China’s STAR 50 index has wiped out $480 billion in market value, raising fresh questions about AI valuations and Beijing’s push to steer household savings into stocks.

World Politics Markets AI & Tech China AI valuations STAR 50 market decline Beijing household savings

Read original source →