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Shares of leading Chinese IT companies have fallen 40% in less than four months, and the market value has fallen by $480 billion, Reuters reports. Investors began to sell securities en masse due to the lack of expected profitability from projects in the field of artificial intelligence. Amid the cooling of the sector, debt markets have stopped lending to businesses that have no other source of income than AI data centers.

Кролик с Неглинной · · Source

🇨🇳 China · Map

Shares of leading Chinese IT companies have fallen 40% in less than four months, and the market value has fallen by $480 billion, Reuters reports. Investors began to sell securities en masse due to the lack of expected profitability from projects in the field of artificial intelligence. Amid the cooling of the sector, debt markets have stopped lending to businesses that have no other source of income than AI data centers.

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