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Big Tech Faces Tougher Scrutiny of AI Spending After Selloff

PYMNTS
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The past week’s technology selloff increased pressure on the companies financing artificial intelligence’s expansion. Their latest spending plans, however, offer little evidence of an immediate retreat. The Nasdaq fell 5.5% Thursday, Nov. 5, as borrowing costs and the prospect of restrictions on data center construction added to concerns about an AI bubble. Stocks recovered some […]

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