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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.

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California billionaire tax will appear on ballot after deadline for deal passes | Technology | The Guardian

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Jun 30, 2026 AI (artificial intelligence) US news Technology
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Rocky week for AI as shares slump but no sign of crash – yet AI (artificial intelligence) Jun 30, 2026 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 billionairesHello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the...
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 billionairesHello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the...

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