AssetID: 55442618
Headline: UNCAPTIONED: Amazon Shares Tumble As It Joins The Big Tech AI Spending Spree
Caption: Amazon Shares Tumble As It Joins The Big Tech AI Spending Spree. Amazon has announced plans to invest $200 billion (£147.7bn) in artificial intelligence (AI) and infrastructure this year, a significant jump from last year's $125 billion. Despite this ambitious move, the news was not well-received by investors, with Amazon shares dropping over 11% in after-hours trading. The announcement came as Amazon, Meta, Google, and Microsoft revealed they collectively plan to spend $650 billion on AI and related technologies in 2026. Amazon is now the most aggressive investor in AI among the Big Tech companies. This level of investment equals more than double the economic output of Peru, with Amazon focusing its spending on AI, chips, robotics, and low Earth orbit satellites. CEO Andy Jassy emphasized that the bulk of the investment will go into AI, calling it a "unique opportunity" that will reinvent customer experiences. However, as the AI market heats up, concerns grow over a potential bubble. In December, the Bank of England warned that tech firms could face a “sharp correction,” comparing the current situation to the pre-dotcom bubble era. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Amazon,shares,tumble,lose value,Big Tech,spending spree,investment,Meta,Google,Microsoft,investors,not well-received,ambitious,drop in value,AI,technologies,robotics,chips,Peru
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