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The investment, set to total up to $50 billion, would go toward building Europe’s largest AI hub with a 1-gigawatt data ...

The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday.

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The company is also seeing a slowdown in its Azure cloud services business, triggered by capacity constraints. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.

Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.

According to Fortune Business Insights, the cloud computing market could still grow at a compound annual growth rate (CAGR) ...

Amazon.com, Microsoft, and Alphabet all fell after earnings. The common theme was disappointment in the cloud.