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“Traders expect the Democrats to take a tougher line on AI regulation and the datacentre rollout, raising questions over a driver of stock market growth.”

“The tech industry has been gripped by “RAMageddon” for months, as demand for memory chips from AI datacentres has surged, driving up prices.”

“It could be the first of four quarter-point rises over the next 12 months, according to financial market expectations, which would exacerbate the financial pressure on households grappling with higher energy and food bills.”

“Microsoft gained billions of dollars in stock market value Wednesday afternoon after it reported better than expected revenue and profit, just days after it offered voluntary buyouts to some 60,000 employees.”

“While growth this year was upgraded from 1.1% to 1.2% after an unexpectedly resilient performance fuelled by AI investment, the watchdog slashed its estimate for next year from 1.6% to 1%.”

“The latest shudder for stocks in the AI industry pulled markets lower worldwide on Thursday, while oil prices hit their highest levels since May on worries about the war with Iran.”

“John Healey should “stay the course” and continue repairing the UK’s public finances, the International Monetary Fund’s top economist has said, after the fund lifted its growth forecast for Britain.”

“OpenAI has revealed that it is making about $20bn less in projected revenue than it had recently indicated to investors, raising questions about the break-neck growth rate in demand for AI.”

“Now, the AI industry – with its high salaries and the astronomical paydays it promises shareholders when firms go public – is pushing rents higher still.”

“Over the coming six weeks Burnham will gauge public support before setting out future options for the UK’s long term relationship with the UK’s largest market.”

“She also stressed the importance of tackling some of the risks of AI, which has buoyed the US stock market but raised fears of mass layoffs.”

““One possible trigger could be a shift in sentiment towards the AI investment boom, which is increasingly fuelled by expectations of sustained rapid earnings growth and a debt-financing cycle that is becoming more opaque and circular,” the report said.”

“Separately, second-quarter GDP data – the broadest measure of the economy’s health – showed that the US economy grew at a solid clip, driven by robust consumer spending and business investment related to the buildout of AI infrastructure.”

“Smart ring maker Oura Inc says it is postponing a planned initial public offering due to market “uncertainty”.”