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

The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionaires Hello, 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 is UK 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 point OpenAI staggers AI model release after Trump administration request Meta pauses employee tracker for AI training amid privacy concerns ‘It’s dangerous and it’s going to erode trust’: redesign of US government web

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Why it mattersTechnology

The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionaires Hello, 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 is UK 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 point OpenAI staggers AI model release after Trump administration request Meta pauses employee tracker for AI training amid privacy concerns ‘It’s dangerous and it’s going to erode trust’: redesign of US government web

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What happened

According to The Guardian’s source item, Rocky week for AI as shares slump but no sign of crash – yet, The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionaires Hello, 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 is UK 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 point OpenAI staggers AI model release after Trump administration request Meta pauses employee tracker for AI training amid privacy concerns ‘It’s dangerous and it’s going to erode trust’: redesign of US government web

Context

The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-06-30T13:14:52+00:00.

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Primary source: Rocky week for AI as shares slump but no sign of crash – yet via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.

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