The recent announcement of a $600 billion investment in artificial intelligence by major tech companies has sparked significant concern among investors, as reported by Tribune Latest. This massive spending plan, which includes Amazon's capital expenditure potentially doubling from the previous year, has led to a sharp decline in Amazon's share prices during pre-market trading. The sentiment is echoed across various markets, with the S&P 500 software and services index dropping nearly 10% this week, and India's IT index shedding around 7%. The Nation Business highlights that Asian markets have also been affected, with Hong Kong equities sinking as the tech rout continues to impact Wall Street for the third consecutive day.
TECHNOLOGY
Big Tech's $600 Billion AI Investment Raises Investor Concerns

A $600B AI investment by tech giants sparks investor fears, causing global market declines, with Amazon shares dropping and S&P 500 software index down 10% amid AI bubble concerns.
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The Hindu
Updated 18h agoFT
Financial Times
Updated 1 day agoTL
Tribune Latest
Updated 1 day agoTNB
The Nation Business
Updated 1 day agoYT