AI scare trade erases $2T, OpenAI drops 'safely', judge kills chatbot privacy
A single day of AI news reveals a massive shift in safety, privacy, and markets.
Deep Dive
Market panic over AI automation erased over $2 trillion in value, hitting software, trucking, and travel stocks. Separately, OpenAI removed the word 'safely' from its core mission in a recent IRS filing. A federal judge ruled AI chat transcripts are not legally privileged, exposing defendants. Meta also plans facial recognition for smart glasses, timing it for when privacy groups are 'distracted' by other political issues.
Why It Matters
These moves signal a rapid retreat from AI safety promises and a new era of legal and market vulnerability.