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Amazon shares tumble as it joins the Big Tech AI spending spree

Amazon has joined other US tech giants in announcing a huge increase in spending on artificial intelligence (AI) projects and infrastructure.

The News International · 19h

Amazon to spend $200bn on AI expansion as big tech doubles down

· 1d · on MSN

Amazon falls after vowing to spend $200 billion on AI this year

· 10h

Amazon shares slide as $200 billion outlay fans fears over AI returns

Amazon.com (AMZN.O) shares slid 9% on Friday after the company outlined a planned $200 billion capital outlay for the year, stoking investor concerns about the scale of Big Tech's spending on artifici...

· 4h

Amazon shares fall as it joins Big Tech AI spending spree

· 1d

Amazon cloud unit beats on revenue and profit as parent company ramps up AI spending

26m

Alphabet CEO Sundar Pichai Says AI Capacity Is What 'Keeps Us Up At Night' As Power, Land And Supply Chain Limits Test Growth

On Wednesday, during Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) fourth-quarter earnings call, CEO Sundar Pichai said meeting surging AI demand has become the company's biggest near-term challenge. AI Demand Is Rising Faster Than Capacity Responding to an analyst question about what concerns leadership most at this stage of Google's evolution,

News24

Bad news for employees of this company as it sacks 16000 jobs employees due to.., not Sundar Pichai’s Google, Satya Nadella’s Microsoft, Infosys, Ratan Tata’s TCS, name is…

Amazon is cutting 16,000 global jobs in its second round of layoffs this year, focusing on AI while offering support to affected employees.