AI Surge Falters as Inflation Rises | Business and Finance News

Stocks took a beating this week, especially in Asia, as fears over China’s new open-source AI model, Kimi K3, sent tremors through the market. Nvidia and Alphabet dipped despite their AI dominance, while chipmakers braced for pressure. Kimi K3’s free access threatens U.S. profit models, fueling investor unease. Compounding the tech chill, inflation signs are creeping back — oil’s climb and gas nearing $4 a gallon are rattling Wall Street’s newfound optimism. The market’s mood has shifted fast: AI’s boom may be cooling, and inflation’s return is a reminder that volatility is back. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e45fe38ce840cf6e