TNB Tech Minute: Tech Stocks Lead a Market Decline on Recession Fears

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 10 March 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus, an X outage that Elon Musk blames on a “massive cyberattack.” And iPhone assembler Foxconn develops a large-language model. Shara Tibken hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Here's the truth about AI. AI is only as powerful as the platform it's built into. Service Now puts AI to work for people across your business, removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier, all built into a single platform you can
0:22.0	use right now. That's why the world works with ServiceNow. Visit ServiceNow.com
0:27.9	slash UK slash AI for people. Here's your TNB Tech Minute for Monday, March 10th. I'm
0:35.2	Shara Tipkin for the Wall Street Journal.
0:43.0	Tech stocks let a drop in the stock market today. The NASDA closed down at 4% because of fears about a possible recession in the U.S. Tesla tumbled 15% its worst day since 2020. Apple, Microsoft,
0:50.8	Alphabet, and other tech giants also declined. Over the weekend, President Trump refused to
0:55.6	rule out the possibility of a recession this year. He told Fox News there will be a, quote, period of
1:01.5	transition because what we're doing is very big. Commerce Secretary Howard Lutnik yesterday dismissed
1:07.7	recession worries, but the market remains skittish. Meanwhile, at another Elon Musk
1:13.3	company, thousands of X users have reported service disruptions today. Musk blamed the outage on what he
1:19.2	called a massive cyber attack. He said on X, it was, quote, done with a lot of resources.
1:25.7	Musk added it was either a large, coordinated group and or a country involved in the attack.
1:31.0	X didn't respond to a request for additional information.
1:34.7	And Foxcon says it has built its own artificial intelligence large language model.
1:39.4	The company is best known for assembling Apple's iPhones.
1:42.4	But it says it developed a new LLM in-house and trained
1:46.0	it in about four weeks. Foxcon is calling the system Fox Brain. It says it's capable of data
1:52.2	analysis, mathematics, reasoning, and code generation. Foxcon says it got support from
1:57.6	NVIDIA and plans to open source its model. The company believes Fox Brain
2:02.0	will improve manufacturing and supply chain management. For a deeper dive into what's happening in tech,
2:07.4	check out tomorrow's Tech News Briefing podcast.

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