7 Day Summary

AI's pervasive influence continues, with pension funds wary of a US tech bubble and regulators scrutinising AI's systemic risks within banking. Companies like Samsung and Nvidia are investing heavily in AI chips and autonomous driving, while Amazon and Walmart integrate AI into sales strategies. Despite the hype, experts caution against overinvestment, as AI startups face challenges in scaling and proving value.

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Pension Funds Trim US Stocks

Pension Funds Trim US Stocks

UK pension funds are reducing US equity exposure due to AI bubble fears.

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Google's AI: Data Advantage

Google's AI: Data Advantage

Google's AI leverages user data for personalised experiences, raising privacy concerns.

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Apple Hires New AI Head

Apple Hires New AI Head

Apple appoints Amar Subramanya as AI head, replacing John Giannandrea.

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Samsung Pursues AI Chip Acquisitions

Samsung Pursues AI Chip Acquisitions

Samsung forms an acquisition unit to boost its competitiveness in the AI memory chip market.

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Nvidia unveils autonomous driving AI

Nvidia unveils autonomous driving AI

Nvidia releases new AI tools for autonomous driving research.

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AI Boom Fuels Construction Jobs

AI Boom Fuels Construction Jobs

AI boom creates unexpected opportunities for construction workers, especially in data centre construction.

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AI Economic Singularity Approaching?

AI Economic Singularity Approaching?

AI could soon perform almost all jobs, causing potential mass unemployment and inequality.

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Rufus Boosts Amazon Sales

Rufus Boosts Amazon Sales

Amazon's Rufus chatbot drove a 100% increase in sales conversions on Black Friday.

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AI Bubble: Dotcom Déjà Vu?

AI Bubble: Dotcom Déjà Vu?

AI's growth sparks bubble concerns, echoing dotcom days but with key differences.

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AI: EU Bank Systemic Risk

AI: EU Bank Systemic Risk

AI adoption increases systemic risks for EU banks due to reliance on foreign tech.

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