China's AI bubble slowly deflates as tech stocks keep sliding
STAR 50 index down more than 40 percent since July as Beijing weighs AI's wider economic payoff
China's artificial intelligence stock boom has been deflating for months, with the country's STAR 50 index of science and technology companies down more than 40 percent since July, according to Foreign Policy's China Brief. The decline has left the index nearly 200 points below where it began the year and arrives as U.S. tech stocks weather their own AI overvaluation worries.