Japan’s Softbank shares were down 10% on Wednesday, which was a loss of $23 billion in market capitalization. Cnbc.com reports most of the drop was due to investor worry about what most observers are calling the AI bubble. Billions have been pumped into AI, but at this point, no one is making any kind of real money from it. Softbank has a controlling stake in ARM Holdings, which designs mobile processors and AI processors. Softbank also has money in OpenAI, and a few other AI application level startups. Other Asian stocks are also down, including Samsung Electronics, which was down 4.1% and Taiwan’s TSMC, the biggest contract chip maker on earth, was down 2.99%. The declines come after U.S. software company Palantir dropped about 8% overnight, even after topping expectations for the third quarter. Some analysts say valuations of AI companies increasingly resemble the dot-com boom of the late 1990s, with share prices soaring far ahead of credible profit expectations. Hey, my son and I have been saying this for over a year, and we aren’t even analysts!

Yet another speed bump in Elon Musk’s quest for his trillion dollar, 10 year pay package from Tesla. Just ahead of the shareholder vote tomorrow, too. According to arstechnica.com, new car registrations in Europe show Tesla sales down anywhere from 89% in Sweden to 34% in Spain. France was the outlier…Tesla sales were up 2% year over year there. In China, sales were down 9.9% in October, year over year. Anti-Musk sentiment aside, there is now a much wider selection of electric vehicles from a number of manufacturers. Tesla’s line is pretty stale, with the sales-leading Models 3 and Y barely getting a facelift…a slight change in the rear, and light bar in the front like the Cyber Truck. Over the weekend, Musk teased on a major podcast that a much delayed roadster was coming, and said it would have cool features like every James Bond car ever, and might even fly. It may be that HE was flying a bit on that one…heavy batteries have made electric planes a tall order, and his roadster will be no different. 

Cloud streaming is officially rolling out to Playstation Portal. There has been a beta running of it since last year. Theverge.com notes that Premium Plus members will be able to stream select titles from their own library without the need to connect to their PS5 console. The device also has a newly updated menu, with three tabs to swipe through for Remote Play from your PS5, cloud streaming, or search. Over 2,000 games are available for cloud streaming at launch. As with so much on the web, the update is a rolling one, so expect it to take a few weeks to get to everyone. 

Google is now including Gemini in Google Maps for both Android and iOS. Zdnet.com says the update is rolling out this month, and with it updated, you can use Talk to Google Maps to find your destination. You can also use Lens to learn more about your present location. You could ask if there is a steak house nearby that doesn’t require reservations, for example. With directions, instead of ‘turn right in 300 feet,’ you can hear ‘turn right after the Starbucks on the corner.’ With Lens, you can ask in a conversational manner for Maps to tell you more about a place like a restaurant…like if the food is worth a few minutes of wait time, or if it is noisy. 

I’m Clark Reid and you’re ‘Technified’ for now.