Is the AI Bubble About to Burst?

Happy Monday everyone! The AI-fueled stock boom just hit a reality check, and investors are starting to sweat. More on this later in the Weekly Topic!

In other news, Diplomatic strains with China hit Japan’s tourism and retail stocks hard. Buffett’s Berkshire Hathaway made a fresh move into big tech, surprising investors. Xiaomi’s EV unit reached profitability faster than Tesla ever did. India’s benchmark stock index neared record highs on investor optimism.

⤵️ In this week’s insight:

• Weekly Highlights 

  We are living through a slowdown in human progress | Jason Crawford

• Digital Tool of the Week 

  Tracks Amazon product prices and price history.

• Weekly Topic 

  Is the AI Bubble About to Burst?

🔎 Weekly Highlights
This week’s highlight is from John Crawford

▼ Summary

• Skepticism about progress emerged in the 20th century, prompting a reconsideration of the nature and necessity of human advancement amid catastrophic events that highlighted technology's destructive potential.

• Technological innovations have created interdependent feedback loops that foster human progress, although moral and social advancements have not kept pace with these developments.

• Despite significant historical innovations, recent decades have seen stagnation in key sectors, underscoring the need for renewed belief and investment in progress to inspire future advancements.

💸 Assets & Commodities

📬 Weekly Trivia

Q. What was Nvidia originally known for producing when it was founded in 1993?

 🔗 Elevate Sphere
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