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LONDON – Technology firms retreated further on Oct 30 after more poorly received earnings from US titans fanned deepening concerns about the AI investment boom. Bitcoin meanwhile tumbled after Binance, the world’s largest cryptocurrency exchange, was hit by what analysts warned could be the biggest hacking of its kind in the world. “The end of the week is dominated by a continuation of the recent AI sell-off on disappointing earnings, and concerns about the safety of crypto,” said Kathleen Brooks, research director at XTB trading group. AI-linked tech firms suffered steep losses after earnings reports from Amazon and Intel stoked…
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