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@kahawatungu Fri, 06 Feb 2026 03:16:52

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. Reporting its annual financial figures on Thursday, Amazon said it expected to spend $200bn (£147.7bn) this year on building out its business, much of it on AI. That is a big increase from last [...] The post Amazon shares tumble as it joins the Big Tech AI spending spree appeared first on Kahawatungu.

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