Celestial AI

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Business

From Digital Showrooms to AI: The Auto Industry's Unending Quest for a Silver Bullet

The automotive sector has a long history of embracing transformative technologies—from digital retail to vehicle subscriptions—that promised salvation but delivered incremental change at best. As artificial intelligence emerges as the latest panacea, seasoned dealers and analysts urge caution, pointing to a persistent pattern of overpromising and a failure to address core consumer concerns.

Business

Tech Rout Deepens: Chipmakers, Mega-Caps Dragged into AI-Led Selloff

A wave of selling pressure engulfed global markets, extending beyond software stocks to hammer chipmakers and tech giants. Investor anxiety over the cost and disruptive impact of the AI arms race triggered sharp declines, with AMD and Palantir among the hardest hit, while Alphabet's massive spending plans failed to impress.