Tech stocks plunged this week amid investor panic over AI’s disruptive potential and big tech’s capital spending. Big tech companies saw more than $1 trillion wiped off their market value this week after Amazon, Meta, Alphabet and Microsoft together forecast capital expenditures of $650 billion in 2026, for new data centers and gear related to artificial intelligence.
Meanwhile, Anthropic’s new suite of AI tools sparked a different kind of selloff.
Here & Now’s Scott Tong speaks with Mike Regan.
This article was originally published on WBUR.org.
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