Tech Stocks Grapple with AI Frenzy's Aftermath
Post-AI frenzy, tech stocks plunge, questioning AI's financial viability. Delayed GenAI revenue raises doubts, signaling a tech industry transformation.

Post-AI frenzy, tech stocks plunge, questioning AI's financial viability. Delayed GenAI revenue raises doubts, signaling a tech industry transformation.
What happened after the Binance and FTX saga last week? From bankruptcy to resignation, hacks, and more, what else can go wrong?
The carnage following the FTX drama has inflicted a grievous wound to the crypto market capitalization, bleeding it by more than $100 billion in a day.
China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
Officials around the world continue to discuss solutions to the risks of stablecoins.
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.”
Yield-generating app Stablegains, which is facing a lawsuit that lost about $44 million worth of user funds in the Terra crash, has previously said it allocated the funds to "multiple stablecoins."
Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week’s Terra collapse in Cointelegraph’s latest interview.
Since the hack of Axie Infinity’s Ronin bridge, developers behind the game have raised $150 million to reimburse the affected users.