Artificial intelligence boom generates optimism in tech sector as stocks soar

The rush into AI has given the flagging technology industry a share price lift, but some investors still remain cautious

US tech companies started the year in the doldrums, beset by a cost overhang from excessively zealous pandemic hiring sprees and fears about the impact of rising interest rates. Things were looking grim – then along came artificial intelligence (AI).

Tech stocks and the blue-chip S&P 500 index have since been buoyed by breakthroughs in generative AI – led by the ChatGPT chatbot – and the promise of a new era of growth for the sector. The S&P 500 is up 18.6% so far in 2023 while the tech-heavy Nasdaq composite is up 35.7%. Six months is a long time in a fast-moving industry.

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Eric Cantona hints he would be interested in role at Man Utd under Jim Ratcliffe

Ratcliffe has completed a deal to buy a 27.7 per cent stake in United and Cantona is confident the club will be challenging for major honours again. from The Independent Sport https://ift.tt/98meQju via IFTTT

Russia-Ukraine war at a glance: what we know on day 723

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despite their heroic victory against Honduras, Les Bleuets are eliminated for a small goal

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PSG: Mbappé at the heart of an improbable clash its heating up!

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Ukraine war briefing: Villages locked down in Putin’s Belgorod ‘sanitary zone’

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Deadly cancer treatment delays now ‘routine’ in NHS, say damning reports

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Ukraine war briefing: Bomb shatters historic landmark in Kharkiv

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Chris Dobey shines in Rotterdam to earn long-awaited Premier League triumph