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Evening Standard
Evening Standard
Technology
Henry Saker-Clark

Amazon shares tumble after launching £147bn AI spending plan

Amazon Jeff Bezos
Amazon has seen shares slide after revealing major AI spending plans (Peter Byrne/PA) - (PA Wire)

Amazon has said it plans to pump more funding into AI, chips and robotics after launching 200 billion US dollar (£147 billion) investment plans.

Shares in the company slid in value after it became the latest tech giant to commit to vast spending plans in a bid to keep pace with rivals across the sector.

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