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US futures fell as South Korean AI firm Elice Inc.'s initial public offering failed, sparking concerns about the global AI boom. Nasdaq 100 futures slipped 0.7% while S&P 500 contracts fell 0.3% on Tuesday morning.
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Summary by ByteBrief

Sources: AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO (Robbie Whelan/Wall Street Journal)

Nasdaq slips as AI stocks fall

The data centre IPO debacle that sparked a market meltdown