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Has artificial intelligence created a
stockmarket bubble?
A handful of tech firms have driven much of the remarkable rise in American share prices in recent years. Now analysts worry about a big, expensive deflation. Our best bubbleologists have compared AI with other emerging technologies going back to the 1800s to determine just how painful a pop might be.
And François Bayrou, France’s prime minister, is feeling deflated too after he lost a confidence vote in parliament today. It is the country’s fourth government collapse in under two years, and President Emmanuel Macron is not keen to call parliamentary elections. A troubling stalemate threatens to turn into a
full-fledged crisis.
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