Fox News AI Newsletter: IBM’s AI warning sends ‘shockwave’

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Fox News AI Newsletter: IBM’s AI warning sends ‘shockwave’

Fox News · 2 months ago

This is a roundup from Fox News' Artificial Intelligence newsletter, covering several separate AI-related stories rather than a single event. The lead item is IBM's share price falling by more than 23% at Tuesday's market open, reigniting doubts about whether firms are getting sufficient near-term returns on their AI investment.

Other items in the digest include JPMorgan Chase chief executive Jamie Dimon urging people to stay calm about AI's effect on jobs, arguing that new technologies have historically created employment rather than destroyed it. The newsletter also touches on criticism from lawmakers and energy officials of New York's pause on new AI data centre construction, which they say could weaken the US in the AI race, alongside a mention of experts warning that AI is altering modern dating habits.

  • IBM shares dropped over 23% amid AI spending-return doubts.
  • Jamie Dimon says fears over AI's job impact are overblown.
  • New York's AI data centre pause is drawing criticism from officials.

AI Technology World

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