The Dark Side of A.I. Weighs on the Stock Market
#Artificial Intelligence #Wall Street #Investment #Market Sell-off #Amazon #Tech Sector #Economic Instability
📌 Key Takeaways
- Investors are concerned about A.I.'s potential to disrupt and render certain businesses obsolete.
- Companies' massive investments in A.I. are raising questions about financial prudence.
- Amazon's $200 billion investment announcement triggered a sell-off on Wall Street.
- The tech sector is under scrutiny due to the rapid pace of A.I. development.
- Analysts warn of potential market volatility and economic instability due to A.I. investments.
📖 Full Retelling
🏷️ Themes
Technology, Economy, Investment, Market Volatility
📚 Related People & Topics
Wall Street
Street in Manhattan, New York
# Wall Street **Wall Street** is a historic thoroughfare located in the Financial District of Lower Manhattan, New York City. Spanning approximately eight city blocks, it extends just under 2,000 feet (0.6 km) from Broadway in the west to South Street and the East River in the east. ### Geography ...
Artificial intelligence
Intelligence of machines
# Artificial Intelligence (AI) **Artificial Intelligence (AI)** is a specialized field of computer science dedicated to the development and study of computational systems capable of performing tasks typically associated with human intelligence. These tasks include learning, reasoning, problem-solvi...
Investment
Set of actions with the intent of earning profit
# Investment **Investment** is the strategic commitment of resources to an asset or endeavor with the expectation of generating profit, increasing value, or achieving a favorable return over a specified period. ### Definitions and Perspectives The concept of investment can be interpreted through ...
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Connections for Wall Street:
- 🌐 Stock market (7 shared articles)
- 🌐 Bitcoin (3 shared articles)
- 🏢 Earnings per share (3 shared articles)
- 👤 Dow Jones (3 shared articles)
- 🏢 Earnings report (3 shared articles)
- 🌐 Growth (3 shared articles)
- 🌐 Volatility (finance) (2 shared articles)
- 🏢 Federal Reserve (2 shared articles)
- 👤 Big Tech (2 shared articles)
- 🌐 Artificial intelligence (2 shared articles)
- 🌐 Institutional investor (1 shared articles)
- 🌐 Investment strategy (1 shared articles)
📄 Original Source Content
Not only are investors growing worried that A.I. could render certain businesses obsolete, they are also questioning the growing piles of money that companies are spending on A.I. On Thursday, investors were spooked by Amazon’s revelation that it planned to spend $200 billion on A.I. and other large investments this year,