The dot-com bubble taught investors to be wary of stock-market rallies powered by a technological boom—that is, until generative artificial intelligence sent tech stocks soaring this year.
Suumit Shah, a 31-year-old CEO of an e-commerce platform called Dukaan based in India, is getting torn to shreds online for firing 90 percent of the company's customer support staff after arguing that an AI chatbot had outperformed them.
European Union lawmakers on Wednesday took a key step toward setting unprecedented restrictions on how companies use artificial intelligence, putting Brussels on a collision course with American tech giants funneling billions of dollars into the technology.