The Guardian · AI
China’s stock markets lose trillions amid AI concerns
China’s stock markets have lost trillions of dollars in recent months amid growing anxiety about AI’s future. The STAR 50 Index, tracking technology and innovation companies on the Shanghai stock exchange, has fallen 40% since June. Other major-company indexes declined about 20% over the same period. A lack of profits has also raised concerns about the sustainability of China’s AI boom.
Source published: Brief prepared:
What to know
- 01
The STAR 50 Index has fallen 40% since June.
- 02
Other indexes of major companies declined about 20% over the same period.
Why it matters
These market declines highlight concerns about AI’s outlook, profitability and the sustainability of the boom.
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