The article warns that major tech companies are likely to introduce paid AI services that will become essential for creatives, risking a new digital divide where only those who can afford premium tools stay competitive, while small creators may be priced out. It draws parallels with past tech price hikes and emphasizes the unsustainability of current AI investments, suggesting that access to AI will soon resemble a paid necessity rather than a luxury.
Bitcoin's upcoming halving event is expected to reduce the number of available bitcoins in circulation, potentially leading to long-term gains for the cryptocurrency. Experts have varying opinions on the short-term impact, with one calling it a "non-event" and advising traders to stick to basics, while another predicts a potential price surge to $150,000 to $200,000 over the next few years based on past halving patterns. For more insights, a video explainer on the bitcoin halving is available on Yahoo Finance.
Analyst Gil Luria predicts that Nvidia's stock, which hit a record high in March, could face a downturn by 2026 due to market and technology trends. While he expects a strong performance in the short term, Luria warns that Nvidia's dominance may not last long as its top customers, such as Microsoft, Amazon, and Google, are developing their own custom chips, potentially reducing Nvidia's market share and threatening its revenue margins in the long run.
EU regulators fine Apple nearly $2 billion for imposing restrictions on app developers, while bitcoin prices surge above $67,000. Yahoo Finance launches new live shows, Market Domination and Market Domination: Overtime, aimed at providing investors with tools for dominating the trading day, featuring top guests from Fidelity Investments, Skybridge, BlackRock, and more.
The cofounder of Google Brain, Andrew Ng, has accused Big Tech companies of lying about the risks of artificial intelligence (AI) wiping out humanity, suggesting that their motivation is to dominate the market. Ng argues that while there are legitimate concerns about AI, the exaggerated doomsday scenarios are a tactic employed by these companies to discourage regulation and maintain their competitive advantage.
