A selloff in the world’s largest technology companies has reignited a debate on AI, and whether it is generating enough revenue or profit to justify the massive spending on infrastructure. (Photo credit: Huiying Ore/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Bob Diamond said turmoil in global markets in recent days resembles a “healthy correction” as investors grapple with how to assess elements of technological change and he doesn’t expect it to deteriorate into a bear market.

“We’ve seen risk assets be repriced,” said Diamond, the former chief executive officer of Barclays Plc who now runs investment firm Atlas Merchant Capital. “In my sense, this is a healthy correction, not something that’s turning into a bear market.”

The S&P 500 is down more than 3%

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