AIGizmodoabout 1 hour ago
Amazon Cash Burn Hits $42.4 Billion
3 min read
Amazon reported a third-quarter free cash flow drop to negative $42.4 billion, driven by a $94.8 billion jump in AI equipment purchases. While revenue reached $201.9 billion, it missed analyst estimates. The company expects to spend $220 billion this year on AI investments, marking a significant financial strain for the tech giant.
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