Big spending in AI-related investments has become the new normal to the point that it's now background noise. Even still, occasionally there's a sonic boom. Just yesterday, Amazon announced that it would be spending $200 billion in 2026, or $50 billion more than predicted. Investors didn't like that, and the company's shares took a steep 9% nosedive, taking some of its friends along for the ride for a combined sell-off approaching $1 trillion.
According to the Financial Times, the Big Tech players are set to spend a $660 billion on AI investments, an amount larger than the GDP of Israel. Investors who were once very bullish on the AI race, not wanting to be left out, are reportedly starting to get cold feet.
