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“Dan Coatsworth, head of markets at AJ Bell, noted the “AI story has all been about speed, and now there is a danger of it moving to a lower gear, and some of the wheels falling off”.”

“The sell-off in the US on Thursday was most dramatic on the Nasdaq, home to tech industry titans such as Alphabet, Nvidia, Meta and Apple.”

“Two lackluster earnings reports on Wednesday night from major chipmakers, Qualcomm and Arm Holdings, triggered the sell-off.”

“That’s because AI, and data centres in particular, were high on the list of the issues targeted by the successful Democrat candidates who capitalised on a rising tide of discontent by voters unhappy with the impact of the centres on their neighbourhoods,…”

“The RBA also warned of the rising risk of cyber-attacks, potentially facilitated by AI, and a sudden sell-off in global bond markets.”

“So far, there’s been no material impact on the sharemarket from the spikes in yields and, apart from a brief sell-off when the US and Israel launched their attack on Iran in February, it has traded largely unaffected by the surge in oil prices above $US100 a…”

“There was only one thing running other than oil in global markets – Mark Zuckerberg’s latest triumph – MUSE.”

“Financial markets suggest the Bank of England will raise interest rates four times before the end of next year, even after it kept borrowing costs on hold this week.”

“(Listen to the episode below, or find it on the podcast player of your choice.) What is a bond?”

““Once you reach a certain scale, if you’re a tech company, moving to (Silicon) Valley makes a material difference because to get that next round of funding, you need the right people on your board,” says Mark Daley, chief AI officer at Western University in…”

“Put another way, this bustling, air-conditioned office represents one of the financial industry’s engine rooms.”

“A key reason for the sell-off in recent weeks has been concerns over the huge amounts of money being spent on AI, Chong adds.”