Mark Zuckerberg announced last year that Meta would release an A.I. system, making Jeffrey Emanuel skeptical. When Zuckerberg made the code open source, Emanuel, a blockchain founder, was impressed. Zuckerberg’s open-source approach to A.I. has gained popularity in tech circles, making Meta’s software widely accessible.
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Peter Hargreaves’ Blue Whale sells major tech stocks over AI concerns
Blue Whale Growth, managed by Stephen Yiu, has reduced exposure to major US tech companies like Microsoft due to concerns over their hefty investments in AI infrastructure. Yiu has aggressively sold shares in Microsoft, pushing it out of the top 10 holdings for the first time since 2017. Blue Whale has seen success, returning 24% this year, with a significant stake in Nvidia and concerns over the financial performances of other Magnificent Seven tech giants...
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