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Artificial intelligence boom generates optimism in tech sector as stocks soar
Artificial intelligence (AI) | The Guardian www.theguardian.com
The rush into AI has given the flagging technology industry a share price lift, but some investors still remain cautious
US tech companies started the year in the doldrums, beset by a cost overhang from excessively zealous pandemic hiring sprees and fears about the impact of rising interest rates. Things were looking grim – then along came artificial intelligence (AI).
Tech stocks and the blue-chip S&P 500 index have since been buoyed by breakthroughs in generative AI – led …
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