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Investors dive into bonds as global AI tech selloff continues

By Globalnews Digital

Investors fled to the safety of bonds on Friday as stocks extended their slide in both Europe and Asia after worries around AI wiped trillions of dollars off stock markets.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Bond

A loan made by an investor to a government or company, which pays interest and returns the money on a set date.

Bond yields set the baseline for borrowing costs across an economy.

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