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Why the A.I. Boom Is Unlike the Dot-Com Boom

Silicon Valley is again betting everything on a new technology. But the mania is not a reboot of the late-1990s frenzy.

© Joe Buglewicz/Bloomberg

Ben Horowitz, a major A.I. venture capitalist, in 2019. “The clearest sign that we are not actually in a bubble is the fact that everyone is talking about a bubble,” he said.
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Amazon’s Profit Is Up 38% on Strong Performance

After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.

© AJ Mast for The New York Times

Amazon’s cloud computing complex in New Carlisle, Ind. The company reported that sales for that division were up 20 percent from a year earlier.
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Amazon to Cut 14,000 White-Collar Jobs

The company is looking to slash costs by “reducing bureaucracy, removing layers, and shifting resources” as it continues to spend aggressively on artificial intelligence.

© Karsten Moran for The New York Times

Amazon is looking to cut billions of dollars in its operating expenses
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AI Data Centers Create Fury From Mexico to Ireland

As tech companies build data centers worldwide to advance artificial intelligence, vulnerable communities have been hit by blackouts and water shortages.

© Cesar Rodriguez for The New York Times

When Microsoft opened a data center in central Mexico last year, nearby residents said power cuts became more frequent. Water outages, which once lasted days, stretched for weeks.
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