Global stocks tumble as Alphabet CEO warns of AI bubble
Global stock markets tumbled on Tuesday as warnings from Google's chief executive about a potential artificial intelligence bubble triggered a broad sell-off in technology shares, with investors growing increasingly anxious about inflated valuations ahead of key earnings reports and economic data.
Sundar Pichai, CEO of Alphabet, told the BBC in an interview published Tuesday that "no company is going to be immune, including us" if the AI bubble were to burst #AI #bubble #pichai #Alphabet https://www.perplexity.ai/...

Citigroup CEO warns AI market hype is 'exuberant'. Citigroup CEO Jane Fraser cautioned investors that the artificial intelligence sector is showing signs of "exuberant" hype, even as her bank continues to deploy AI tools across its operations. Speaking at Citigroup's Tech Leadership Summit in Pebble Beach, California, Fraser told CNBC that while some enthusiasm for AI is justified, market overexcitement poses risks. #AIHype #Citigroup #JaneFraser #MarketWarning #TechValuations #Nasdaq #AIInvesting #aitech https://www.perplexity.ai/...

Eurozone investor confidence sinks as recovery hopes fade. Investor confidence in the Eurozone deteriorated sharply in November, reinforcing concerns that the bloc's economy remains trapped in stagnation with little prospect of near-term improvement. The Sentix Investor Confidence Index fell to -7.4 from -5.4 in October, missing analyst expectations of -4.0, according to a survey of 1,069 investors conducted between November 6 and 8 #Eurozone #InvestorConfidence #Sentix #EconomicOutlook #EuropeEconomy #Inflation #Recovery https://www.perplexity.ai/...

Emerging market inflation falls below developed economies. For the first time in over three decades outside pandemic years, emerging market inflation has fallen below that of developed economies for two consecutive quarters, creating a windfall for bond investors and signaling a fundamental shift in global monetary dynamics. #EmergingMarkets #GlobalEconomy #InflationShift #BondMarkets #InvestmentOpportunities #Brazil #Turkey #JPMorgan https://www.fidelity.com/n...

Bitcoin falls below $100K amid U.S. selling pressure. Bitcoin erased its recovery above $104,000, trading around $100,200 on Friday as data revealed persistent selling pressure from U.S. institutional investors through the widely-watched Coinbase Premium Gap. #Bitcoin #BTC #BitcoinPrice #CryptoNews #CoinbasePremium #ETFs #CryptoLiquidity #BTCUSD #MarketOutlook #CryptoTrading https://www.perplexity.ai/...

Serve Robotics deploys 1,000th delivery robot deploying its 1,000th third-generation autonomous delivery robot and driving the company's stock up more than 11% as investors celebrated the rapid expansion of its AI-powered fleet #robot #AI #serve #delivery https://www.perplexity.ai/...

SpaceX discloses Chinese investment in unsealed testimony. Newly released court testimony has revealed for the first time that SpaceX has accepted direct investment from Chinese investors, raising fresh concerns about foreign ownership in one of America's most sensitive defense contractors. #spacex #china #investors https://www.perplexity.ai/...

BlackRock Nears $40 Billion Data Center Deal in Bet on AI largest deals, as major investors race to capitalize on the artificial intelligence infrastructure boom. #AIInfrastructure #DataCenters #Cloudmputing #AIInvestment https://finance.yahoo.com/...

Stripe is in talks to repurchase shares from venture capital backers at a $106.7 billion valuation, signaling strong confidence after Sequoia bought $861M in shares at a $70B valuation in 2024. The move offers liquidity to investors without going public, reflecting Stripe's steady valuation growth. Details on share volume and employee inclusion remain flexible. #Stripe #StockBuyback #VC #TechFunding #Fintech

Perplexity AI, a rapidly growing artificial intelligence search engine startup, has made a significant move by proposing a merger with TikTok's U.S. operations as the platform confronts the possibility of a ban due to national security issues. This proposal arrives just ahead of a law that mandates TikTok's parent company, ByteDance, to divest its U.S. operations or face shutdown.

Key Aspects of the Merger Proposal

Structure: The merger seeks to form a new entity that integrates Perplexity AI, TikTok U.S., and New Capital Partners. This arrangement would enable most of ByteDance's current investors to maintain their equity stakes while enhancing Perplexity's services with TikTok's video content.
Valuation: TikTok is valued at approximately $50 billion, while Perplexity has seen its valuation soar from around $500 million at the beginning of 2024 to nearly $9 billion by year-end.
Regulatory Context: This merger proposal follows a Supreme Court ruling that requires TikTok to cut ties with ByteDance. President-elect Donald Trump has suggested a possible 90-day extension for TikTok to negotiate its future in the U.S.

Industry Implications

The proposed merger could dramatically alter the digital landscape by merging advanced AI search technology with a leading social media platform. If successful, Perplexity AI could position itself as a formidable competitor to established players like Google in the AI-driven search arena. However, regulatory challenges and public concerns about data privacy will be crucial factors in determining the success of this ambitious proposal. As discussions progress, the tech industry will be keenly watching how this potential merger evolves and its impact on both companies and their user bases.. #TechNews #AI #trump #tiktokban #tiktokbanusa https://nexth.zone/blog/pe...