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The planned spending of $600 billion on artificial intelligence by major tech companies by 2026 is increasing unease among investors as they assess the implications for profitability and a potential existential threat to software companies. Shares of Amazon, which had announced a $200 billion capital investment, fell 7% on Friday, while Alphabet lost 3% after […]
Shares of Amazon.com fell 9% on Friday after the company outlined a planned $200 billion capital investment this year, fueling investor concerns about the scale of Big Tech’s spending on artificial intelligence.Amazon joined its rivals on Thursday in predicting sharply higher spending this year, as US tech giants now look to invest more than $630 […]
