U.K. billionaire’s investment fund is ‘aggressively’ selling Magnificent 7 stocks amid growing fears of AI backlash – Yahoo Finance

A U.K. billionaire’s investment fund has been actively selling off its holdings in the “Magnificent 7” stocks, sparking concerns about the backlash against artificial intelligence. The fund is reportedly taking an aggressive approach to divesting from these stocks amid growing fears about the impact of AI on the market.

DailyBubble believes that this move reflects a broader trend in the investment community, where investors are becoming increasingly wary of the potential risks associated with AI technology. As AI continues to advance and reshape industries, there are concerns about job displacement, privacy issues, and ethical considerations.

While AI has the potential to revolutionize various sectors and drive economic growth, it also poses significant challenges that need to be addressed. DailyBubble encourages investors to carefully consider the implications of AI on their portfolios and to stay informed about the latest developments in this rapidly evolving field.