AI Industry Concerns Impact U.S. Stock Market and Bitcoin Prices

According to BlockBeats, a report raising concerns about profitability in the artificial intelligence sector led to a decline in the U.S. stock market overnight, which in turn caused a slight drop in Bitcoin prices. The Information reported that internal documents reveal Oracle's cloud computing division, which provides specialized services to OpenAI and other companies, is currently generating relatively small profits. Following the release of this information, Oracle's stock price fell alongside other technology stocks. Earlier on Monday, Bitcoin reached a record high of $126,223 as investors sought alternative assets amid U.S. government shutdown and political concerns in other regions.