AI slump drags S&P and Nasdaq; why it matters for Valley pensions
AP says AI-heavy stocks pulled major indexes lower on Aug. 18. Local public pensions and 401(k)s track those swings through index funds, though monthly checks don’t.

Tracking how artificial intelligence is shaping agriculture, business, schools, and startups across the Valley.
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AP says AI-heavy stocks pulled major indexes lower on Aug. 18. Local public pensions and 401(k)s track those swings through index funds, though monthly checks don’t.
A New York Times report shows memory makers driving the AI boom. That matters here because UC Merced’s GPU nodes run on the same scarce high-bandwidth memory.
A national health group pressed Trump to drop coal for AI data centers. In Kern County, a proposed Elk Hills project says it would run on its own plant.
Alibaba’s April–June net profit fell to 10.5 billion yuan as the company accelerated AI infrastructure investment. Central Valley importers watch for potential fee moves.
July inflation cooled to 3.4% year over year. The same AI buildout many credit for long-run gains is fueling local debates over power and water in Kern County.
Assessor Laura Avila says a fake '1098-SR' form in AI videos doesn't exist. She fears fee scams next and reminds residents which tax relief programs are real.
The weekly Webinar Wednesday from CSU Bakersfield’s SBDC takes up how AI intersects with loan applications and local capital programs for small firms.
Supervisors approved a temporary pause on permits for AI data centers in unincorporated areas while staff drafts standards on power, water and siting.
DealBook reports Meta’s May 20 layoffs tied to AI spending. State filings show where cuts hit in California as Fresno State and the local workforce board shift training.
National use of AI chatbots for teen advice is rising. Fresno Unified has published safety guidance and families are weighing how to keep kids safe on chat apps.
Kern Family Health Care used a phone-based AI to reach 387,000 members as Medi-Cal rules tighten. State officials say plans can remind members but counties decide eligibility.
Bakersfield-based Kern Family Health Care says its AI caller is boosting renewals as California resets Medi-Cal rules, while state officials and researchers warn on oversight.