US Tech Stocks

Chinese Firm’s AI Chatbot Triggers $1tn Drop In US Stocks, ‘Sputnik Moment’

The race for domination in artificial intelligence was blown wide open on Monday after the launch of a Chinese chatbot wiped $1 trillion from the leading US tech index. An investor described this event as a “Sputnik moment” for the world's AI superpowers. Investors punished global tech stocks after the...