Amazon said profits grew by 31pc last year to $77.7bn. – Eva Marie Uzcategui/Bloomberg Amazon shares plunged on Thursday night, continuing a tech industry sell-off, after it outlined a $200bn spending surge on AI infrastructure. Read More
Capital expenditures—capex, meaning the big-ticket purchases that fund the data centers, servers, and power infrastructure undergirding the AI race—is fueling record-high, multi-trillion dollar tech valuations when investors think the spending is warranted. But Read More
(Bloomberg) — Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. Now it’s starting to boil over. Microsoft Corp. (MSFT)Read More
By Aditya Soni and Deborah Mary Sophia Jan 29 (Reuters) – Big Tech earnings so far this week have sent a clear warning: investors are willing to overlook soaring spending on artificial intelligence if it fuels strong Read More
By Chris Kirkham and Akash Sriram LOS ANGELES, Jan 28 (Reuters) – Tesla plans to more than double capital spending to a record high of more than $20 billion this year – but little of it will go to Read More