The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionaires Hello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you after fending off sunburns at the beach.

Source: [Guardian Tech](https://www.theguardian.com/technology/2026/jun/30/artificial-intelligence-shares)

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