US tech stocks slide after Altman warns on AI future and MIT study casts doubt on the hype

Investor enthusiasm for artificial intelligence wavered Tuesday as major tech stocks sold off. Nvidia dropped 3.5% and Palantir nearly 10% after an MIT study claimed 95% of companies see no returns from generative AI, while OpenAI’s Sam Altman warned of a potential bubble. Nasdaq futures were down this morning, premarket. Investors’ long-running enthusiasm for artificial…

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The technie who allegedly showed Sam Altman and Jony Ive a drawing of an AI device just got sued by his former employer

A secretive competition to pioneer a new way of communicating with artificial intelligence chatbots is getting a messy public airing as OpenAI fights a trademark dispute over its stealth hardware collaboration with legendary iPhone designer Jony Ive. In the latest twist, tech startup iyO Inc., which already sued Ive and OpenAI CEO Sam Altman for…

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