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AI Blog Sparks Wall St. Panic, Hubify Soars

Published 1 week, 4 days ago
Description

A viral blog post predicting a global intelligence crisis by 2028 due to rapid AI growth sent tech stocks plummeting, with software giants like Workday, CrowdStrike, and Datadog dropping over seven percent each. The broader tech sector has struggled all year, down fifteen percent in a month stateside and forty percent in six months on the ASX. However, Aussie AI firm Hubify Limited surged two hundred seventy-five percent after raising two hundred fifty thousand dollars to boost its AI tools for regulated enterprises and reporting strong half-year results.

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