Four US tech giants bled $95bn in cash in Q2 on soaring AI investments

Amazon CEO says cloud arm could become trillion-dollar business Shares of Amazon and Microsoft shot up after the companies showed that they could link their AI investments to earnings. (Source photos by Reuters) PALO ALTO, California — AI and other investments by four American technology giants exceeded the cash generated from their core operations by nearly $100 billion in the second quarter alone as growing concerns about overinvestment lead to a gap between companies that can show how artificial intelligence contributes to earnings and those that cannot.

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