On This Day in History: AI Profitability Concerns Lead to U.S. Stock Market Decline, Bitcoin Follows Suit

Jin10 News, October 8 – On this day in history, a report on the profitability of the artificial intelligence industry sparked market concerns, leading to a decline in U.S. stocks, with Bitcoin prices also experiencing a slight pullback. According to U.S. media outlet *The Information*, Oracle's division providing services to companies like OpenAI reported relatively small profit margins. Following the announcement, Oracle and other tech stocks saw their share prices drop. Notably, Bitcoin had previously reached an all-time high of $126,223 due to factors such as the U.S. government shutdown.