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Could US Democrats burst the AI bubble after global tech shares plummet? | Global News Podcast
BBC NewsTech shares on stock markets around the world fell steeply after the US midterm elections, prompted by fears that the Democrats would use their new political power to crack down on artificial intelligence. Several states elected senators, representatives and governors who have promised to rein in Big Tech and ban or regulate AI data centres. They have become a significant concern for American voters due to their energy usage and environmental impact. This is in stark contrast to President Donald Trump, who has championed AI, dubbing it "super intelligence". Trump has close ties to some of the tech bosses driving AI development, including Elon Musk and Nvidia’s Jensen Huang. He recently said states "should want as many data centres" as they can get, because they generate "tremendous amounts of money". In this video, we'll speak to our correspondent in South Korea about the global repercussions of this tech stock slowdown. And our business correspondent tells us that the sea change in Washington is not the only reason investors may be warry about AI. 00:00 Introduction 01:19 How the US midterms hurt AI stocks in Asia 02:44 Democrats vow to crack down on data centres 03:33 Why are AI stocks falling? 04:02 Why do so many people hate data centres? 06:00 Has the AI bubble burst? 07:36 How will AI companies respond to backlash? The Global News Podcast brings you the best of the BBC’s news coverage and analysis from around the world. New audio episodes of the Global News Podcast are published twice a day. You can listen here: https://link.mgln.ai/GNP-YT And you can find more of our YouTube episodes here: https://bbc.in/GlobalNewsPodcast If you would like to get in touch, you can email us at globalpodcast@bbc.co.uk. Subscribe to our channel here: https://bbc.in/bbcnews For the latest news download the BBC News app or visit BBC.com/news #AI #Tech #BBCNews
