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AI pressures mount as Amazon and Intel shares tumble

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6h agonow

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The National
“AI pressures mount as Amazon and Intel shares tumble”

Investor concerns over rising costs of the AI buildout intensified on Friday after Amazon and Intel reported disappointing earnings this week, leading to questions about whether the massive investments powering the boom will pay off. Shares in Amazon fell more than 12 per cent after it reported a cash burn of more than $42 billion over 12 months through September, according to its third-quarter report on Thursday, roughly double its previous record in 2022. Intel fell more than 25 per cent and…

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