Amazon Joins Big Tech's Costly AI Data Center Push as Investors Grow Wary

·5 views

Amazon on Thursday announced a substantial increase in its investments in artificial intelligence. The move follows other major technology companies that have also expanded their AI spending. Amazon's share price has recently been under pressure. The announcement highlights mounting concern on Wall Street over the cash being consumed by these data center buildouts.

Read the full story at NYT Technology

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Binance halts withdrawals after suspected hack; billions in crypto reportedly stolen

Binance, the world's largest cryptocurrency exchange, was hit by a cyberattack on Thursday. Some estimates suggest hackers stole billions of dollars' worth of crypto during the breach. In response, the exchange has paused withdrawals while the incident is investigated. The article notes that the figures are estimates and that the full scope of losses has not been confirmed.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

Reddit CEO Says Google's AI Mode Does Not Drive Traffic to Sites

Reddit CEO Steve Huffman told investors on the company's Q3 2026 earnings call that Google's AI-powered search modes are not sending visitors to the platform. Reddit reported that its search referrals fell by more than 1 million per week on average in October. Huffman linked part of the decline to how AI Mode and AI Overviews alter the search experience. He said AI Mode does not generate traffic for Reddit or, as far as he knows, for anyone else. His remarks echo broader complaints from other websites and publishers about AI-driven search.

0 comments Read more at The Verge

TechnologyTechCrunch ·

Putin praises Musk as a genius and says the two are in close contact over Russia's satellite project

Russian President Vladimir Putin publicly described Elon Musk as a genius. He said he and Musk are in close contact regarding Rassvet, Russia's satellite internet connectivity project that resembles SpaceX's Starlink. The remarks highlight a link between the Russian government's space-based communications effort and the Starlink model. The article provides limited additional detail beyond Putin's comments on the collaboration.

0 comments Read more at TechCrunch

TechnologyBBC Tech ·

Google shares hit six-month low as AI search summaries weigh on ad revenue

Alphabet's Google saw its stock fall to a six-month low after disclosing that its AI-generated search summaries were affecting advertising revenue. Investors reacted sharply to the admission, which raised concerns about the financial impact of AI features on its core business. The sell-off reportedly erased roughly $500 billion from the company's market value. The development highlights growing investor anxiety over how generative AI may reshape the search and advertising market.

0 comments Read more at BBC Tech