Rocky week for AI as shares slump but no sign of crash – yet

Source: guardianTech June 30, 2026 · 06:14
The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionairesHello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you after fending off sunburns at the beach. Today, we’re discussing a rocky week for the AI industry’s finances and how California’s proposed billionaire’s tax is changing the political posture of the state’s governor.Impact of social media ban for under-16s in UK hinges on how firm it isUK under-16s social media ban: which apps will be blocked and how will it work?‘Tech firms are losing the public’: social media age bans near tipping pointOpenAI staggers AI model release after Trump administration requestMeta pauses employee tracker for AI training amid …

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