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By Rodrigo Santos Andrade
Sky News Business Editor Ross Greenwood says investors are starting to “catch up” with the idea of technology companies “overcapitalising” in AI.
Mr Greenwood said companies like Amazon and Microsoft have dropped in value overnight.
“This is about concerns in every one of these cases … is overcapitalising the AI investment, and it won’t pay off.”
Tags: Australian News, Breaking News Australia, Sky News Australia