Key Takeaways Amazon said it expects to spend over $100 billion in capital expenditures this year, with the "vast majority" going to AI for Amazon Web Services.The company is the latest Big Tech firm to announce it's boosting expected AI infrastructure spending this year.

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s mar

Google, a subsidiary of Alphabet Inc, has opted to scrap its goal of increasing hiring from historically underrepresented groups. The tech giant is also reevaluating some of its diversity, equity, and inclusion (DEI) initiatives.