What do Amazon's results say about AI spending?

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Amazon has reported lacklustre Q3 results and Alphabet, the parent company of Google, shedding some $500 billion in a day. The developments come as investors question companies' massive spending on AI. European Commission President Ursula von der Leyen has explained what Canada's "associate" EU membership could look like at the two-day EU-Canada summit. One of Japan's largest providers of internet services is in a battle with hackers. After it refused to pay a million-dollar ransom, the hackers started to publish what they claim are personal details. Presenter: Ed Butler Producers: Barbara George & Amy Booth (Image: Amazon logo is seen in this illustration taken February 11, 2025. REUTERS/Dado Ruvic/Illustration)